The Type of Thinking That Produces Many Answers to the Same

question 76

Multiple Choice

The type of thinking that produces many answers to the same question is called ________ thinking. This kind of thinking characterizes creativity.

• A) divergent
• B) convergent
• C) oblique
• D) finite

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Definitions:

Total Cost

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Total Revenue

The total income received by a firm from selling its goods or services before any costs or expenses are deducted.

Marginal Product

The rise in production resulting from the use of one more unit of input.

Value of the Marginal Product

The extra income produced from the use of an additional unit of input, like capital or labor.