Which of the Following Is an Environmental Factor That May

question 16

Multiple Choice

Which of the following is an environmental factor that may influence the intelligence of a child?

• A)genetic makeup
• B)spatial skills
• C)father's intelligence
• D)friendships with intelligent peers

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Definitions:

MR = MC Rule

A principle in economics where the optimal level of output is reached when marginal revenue equals marginal cost.

Price Taker

An individual or company that must accept prevailing prices in the market of its products or services, lacking the market power to influence prices on its own.

Break Even

The point at which total cost and total revenue are equal, resulting in no net loss or gain.

Minimum Output

refers to the lowest level of production that a company can sustain over the long term.