If the Heritability of Intelligence Within Both Group a and Group

question 43

Multiple Choice

If the heritability of intelligence within both group A and group B is 100 percent,differences in average intelligence between these groups might result from

• A) environmental differences if the two groups are genetically similar.
• B) genetic differences if the two groups have similar environments.
• C) both genetic and environmental differences between the two groups.
• D) any of these situations.

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Definitions:

Marginal Revenue Curve

A graph that shows the change in total revenue resulting from selling one additional unit of a product or service.

Price Discrimination

The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay.

Economic Profit

The total revenue of a firm minus its explicit and implicit costs, essentially measuring the excess beyond the break-even point.

Price Discrimination

Price Discrimination occurs when a seller charges different prices for the same product or service to different customers, based on factors other than the cost of production.