_________ Assessment May Be Appropriate for Identifying a Student's Current

question 9

Short Answer

_________ assessment may be appropriate for identifying a student's current level of educational performance or to evaluate the effectiveness of instruction with a student who is instructed out of grade level.

---

Definitions:

Profit-maximizing Price

The price level at which a firm can maximize its profit, calculated where marginal cost equals marginal revenue.

Elasticity of Demand

The measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Profit-maximizing Price

The selling price that allows a firm to earn the highest possible profit given its cost structure and market demand.