Technological Improvement

question 91

Multiple Choice

Technological improvement:

• A) can hide the presence of diminishing returns.
• B) can be shown as a shift in the total product curve.
• C) allows more output to be produced with the same combination of inputs.
• D) All of the above are true.

Understand how temperament influences behavior and interaction from infancy through later development.

Recognize the significance of parental response to infants' emotions and its impact on emotional development.

Identify the factors influencing the emergence of self-awareness in infants.

Understand the importance of "goodness of fit" between a child's temperament and their environment.

---

Definitions:

Profit-Maximizing

The operational method a firm adopts to calculate the pricing and output that bring in the highest profit.

Average Total Costs

The total cost of production divided by the quantity of output produced, illustrating the cost per unit of output.

Total Fixed Costs

The total of all expenses that do not change with the amount of production or output.

Marginal Cost Curve

A curve that shows the cost of producing one more unit of a good or service, typically upward sloping because of increasing marginal costs.