Deanna and Errol Are Nonidentical Twins Separated at Birth and Brought

question 20

Multiple Choice

Deanna and Errol are nonidentical twins separated at birth and brought up in different households.Their IQ scores are most likely ____.

• A) almost identical
• B) the same as if they were brought up in the same home
• C) the same as any siblings reared apart
• D) the same as those adults rearing them

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Definitions:

Revenue

The total amount of money received by a company or government from its activities, such as sales of goods and services, before any expenses are subtracted.

Profit

Profit is the financial return or gain achieved from an investment or business venture after subtracting all expenses and costs.

Equilibrium Price

The price at which the quantity of a good or service supplied matches the quantity demanded, leading to market balance.

Competitive Price-Taker

A firm or individual that has no influence over the market price and must accept the prevailing market price for its product or input.