The Successive Approximation Method

question 16

Multiple Choice

The successive approximation method:

• A) was developed by Pavlov.
• B) is an example of variable-ratio reinforcement.
• C) is successful with animals but not humans.
• D) is also called shaping.

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Definitions:

Expected Rate Of Return

A calculation representing the probable return on an investment, accounting for the risk of different investment options and the likelihood of various outcomes.

Marginal Cost

The extra expenditure required to produce one additional unit of a product or service.

Marginal Benefit

Marginal Benefit is the additional satisfaction or utility gained by consuming one more unit of a good or service.

Expected Profitability

The forecasted return on investment for a business activity or project, considering potential profits and losses.