When Marcia Was in High School, All She Had to Do

question 367

Multiple Choice

When Marcia was in high school, all she had to do to make an A on a test was to study the printed notes for about 20 minutes. For her first test in college, Marcia tried this same study technique and received a grade of F. After this experience, Marcia took her instructor's advice and began using the SQ4R method to read her textbook and the LISAN method for taking notes. This change in Marcia's study technique illustrates

• A)assimilation.
• B)accommodation.
• C)generativity.
• D)conservation.

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Definitions:

Profit Maximizer

A strategy or process employed by businesses to increase their net profits to the highest possible level given their resources, constraints, and market conditions.

U-Shaped Average

This term seems unclear; possibly referring to the 'U-shaped' curve of the average cost, which decreases, reaches a minimum, and then increases with production volume.

Price Elasticity

Evaluating how price changes for a good translate into variations in consumer interest.

Cost of Entry

The initial capital and expenses required to start a business or enter a market.