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Describe the four schedules of reinforcement,give an example of each and describe its influence on performance.
Price Level
A measure of the average prices of goods and services in an economy, often used to evaluate inflation or deflation over time.
Real Wage
The amount of goods and services a worker can purchase with his or her nominal wage; the purchasing power of the nominal wage.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, such as labor or capital.
Total Revenue
is the overall amount of money generated by a business from its activities, including sales of goods or services, before any expenses are deducted.
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