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Darcy has intellectual developmental disorder. Most people, however, don't notice it, although she walks, talks, and feeds herself more slowly than most children. She needs occasional guidance when under unusual social or economic stress, but normally she can function on her own. She is capable of reading at a 6th grade level. Her IQ is 67. The severity of her intellectual developmental disorder is best described as ______.
Marginal Revenue Product
The additional revenue a firm generates by employing one more unit of input, such as labor or capital.
Perfectly Competitive Market
A market characterized by a high level of competition, where no single buyer or seller can influence prices and products are homogeneous.
Marginal Productivity Principle
An economic principle stating that employers will pay a wage equal to the additional value generated by the last unit of labor hired.
Profit-Maximizing Firm
A company's aim to achieve the highest possible profit through adjusting its production and pricing strategies.
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