People Can Be "Word Smart," "Number Smart," "Picture Smart," Musically

question 179

Multiple Choice

People can be "word smart," "number smart," "picture smart," musically smart," "body smart," "self smart," "people smart," "nature smart," and\or "spirituality smart" according to

• A)Alfred Binet.
• B)Howard Gardner.
• C)David Wechsler.
• D)Lewis Terman.

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a product.

Marginal Cost

The additional cost resulting from the production of one more unit of a product or service.

Profit Maximizing

The procedure a business uses to ascertain the most profitable price and volume of output.

Monopolist

A single seller in a market, who has significant control over the price and supply of a specific good or service.