The Opportunity Cost of an Action Is Equal To

question 81

Multiple Choice

The opportunity cost of an action is equal to:

• A)the monetary expense incurred as a result of the action.
• B)the value of any alternative use of the time expended on the action.
• C)the highest valued alternative sacrificed as a result of the action.
• D)the sum of the benefits received as a result of the action.
• E)the time value of money.

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Definitions:

Habituation

A decrease in response to a stimulus after being repeatedly exposed to it, showing a form of non-associative learning.

Sensitization

Sensitization is an increase in the behavioral response following repeated exposure to a stimulus, making an organism more sensitive to that stimulus over time.

Behavioral Contrast

occurs when a change in the condition of reinforcement in one context leads to a change in behavior in another context.

Higher-order Conditioning

A form of conditioning in which a stimulus that has become a conditioned stimulus is paired with a new neutral stimulus, creating a second conditioned stimulus.