Intrinsic Motivation Is Defined As

question 104

Multiple Choice

Intrinsic motivation is defined as:

• A) the pursuit of an activity for external rewards.
• B) the pursuit of an activity for its own sake.
• C) the pursuit of an activity to relieve the state of tension caused by deprivation.
• D) the pursuit of an activity in order to be judged favorably by others.

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Definitions:

Utility Maximization

The economic principle that individuals or firms attempt to allocate their resources in a manner that maximizes their satisfaction or profit.

Marginal Utility

The supplementary enjoyment a consumer experiences when they consume an extra unit of a good or service.

Budget Constraints

Budget constraints represent the limitations on the spending choices of consumers based on their income and the prices of goods and services.

Total Utility

The overall satisfaction a consumer receives from consuming a particular quantity of goods or services.