A Monkey Spends Hours Trying to Open a Complicated Lock

question 538

Multiple Choice

A monkey spends hours trying to open a complicated lock even though there is no reward for doing so. The monkey's behavior is best explained by _____ theory.

• A) drive
• B) instinct
• C) arousal
• D) incentive

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Definitions:

Variable Resource

A resource whose quantity can change in the short run to increase or decrease production levels.

Fixed Resource

A resource whose quantity cannot easily be changed in the short term, such as land, buildings, or equipment.

Accounting Profit

The difference between total revenue and total explicit costs, not accounting for implicit costs, according to traditional accounting methods.

Entrepreneur's Potential Earnings

Entrepreneur's potential earnings are the anticipated income an entrepreneur expects to generate from their business ventures, considering the risks and opportunities involved.