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Rex Carr Could Pay $10 for a Shovel That Lasts

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Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car.If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $550 per year to own and if with this smasher he could dispose of cars at a cost of $.80 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of


Definitions:

Token Economy

A behavioral modification system that uses tokens as a form of reinforcement for displaying desired behaviors, which can later be exchanged for various rewards.

Rewards

Positive outcomes or reinforcements that increase the likelihood of a behavior being repeated.

Penalties

Punishments imposed for violating rules, laws, or expectations, intended to deter undesirable actions.

Person-centered Therapy

A psychotherapeutic approach developed by Carl Rogers, emphasizing an individual's self-worth and values, ideal for fostering personal growth and self-discovery.

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