Motivation Is the Result of the Interaction Between a Person's

question 28

Multiple Choice

Motivation is the result of the interaction between a person's internalized ____________ and external ____________ that determine behavior.

• A)wants;desires
• B)wants;needs
• C)background;experiences
• D)needs;influences

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Definitions:

Marginal Cost

The additional cost incurred in producing one more unit of a good or service.

Willingness to Pay

The maximum amount an individual is prepared to spend for a good or service, reflecting the value they derive from it.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to allocate resources in a certain way.

Marginal Cost

The cost increase associated with the manufacture of an additional good or service unit.