Piaget's Fourth Stage of Cognitive Development,which Extends from Eleven or Twelve

question 128

Multiple Choice

Piaget's fourth stage of cognitive development,which extends from eleven or twelve years of age on,is:

• A) concrete operational.
• B) formal operational.
• C) preoperational.
• D) sensorimotor.

---

Definitions:

Consumer Equilibrium

The point at which the amount of goods purchased by a consumer is equal to their preference at prevailing market prices, maximizing utility.

Utility

The satisfaction or benefit a consumer derives from consuming a good or service.

Income

Money that an individual or business receives, typically as payment for goods or services or through investments.

Consumer Equilibrium

Consumer Equilibrium is the state where a consumer has balanced their expenditures across different goods to maximize total utility given their budget constraint.