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Name the characteristics of postformal thought, and describe how adult cognition differs from formal operational thought that characterizes adolescence.
Variable Costs
Costs that change in proportion to the good or service that a business produces, such as materials and labor.
Output
The sum of all products or services generated by a business or economic system.
Market Price
The current value at which an asset or service can be bought or sold, determined by supply and demand forces in the open market.
Break Even
The point at which total costs and total revenues are equal, resulting in no net loss or gain.
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