You Are Contemplating Leasing a New Car

question 17

Multiple Choice

You are contemplating leasing a new car.The monthly lease payments (to be made at the end of each months) are for 36 months.At the end of the lease you have the option of purchasing the car for $17,800.If you could finance the car at 5.9% for the same period,what is the most that you should be willing to pay in monthly lease payments if the sticker price of the car is $25,800?

• A) $331
• B) $299
• C) $413
• D) $199

Apply Premack’s principle in modifying behaviors by understanding the relationship between preferred and less preferred activities.

Understand how probability and deprivation influence an activity’s reinforcement value.

Identify the creators and critical components of probability-differential theory.

Analyze how specific behaviors or preferences can serve as reinforcers according to various theoretical perspectives.

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Definitions:

Variable Cost

A cost that varies with the level of output or production, such as materials or labor costs.

Fixed Cost

A cost that does not change with the level of production or sales over a certain period, such as rent or salaries.

Plane Operating Costs

The expenses associated with operating an aircraft, including fuel, maintenance, crew, and landing fees.

Variable Cost

A cost that changes in proportion with the level of output or activity.