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Peter Is a Very Precocious 4-Year-Old

question 51

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Peter is a very precocious 4-year-old.He is already starting to read and has the vocabulary of a 10-year-old.Peter's parents are very academic.Their house is filled with books and intellectual conversation.What is the most reasonable conclusion about the source of Peter's high intelligence?


Definitions:

Average Total Cost

The total cost of production divided by the number of units produced, indicating the cost per unit of output.

Average Total Cost

The total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.

Total Cost

The complete cost of production including fixed and variable costs.

Average Total Cost

The total of all costs divided by the number of goods produced, representing the per unit production cost.

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