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Let's say that you give a number of students a test of math ability, a test of reading comprehension, and a test of verbal fluency. You run a factor analysis and note that all three tests seem to be only slightly positively correlated with each other. Which of the following theories of intelligence would this support?
Marginal Cost
The increased cost resulting from the production of an additional unit of a good or service.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the actual profitability of the company beyond just accounting profit.
Purely Competitive
A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit.
Total Revenue
The total amount of money a company receives from sales of goods or services, calculated by multiplying the price per unit by the number of units sold.
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