Babies Generally Start Babbling

question 314

Multiple Choice

Babies generally start babbling:

• A)in the first few hours after they are born
• B)during the first month
• C)between the ages of 4 and 6 months
• D)between the ages of 2 and 3 months

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Definitions:

Productive Efficiency

A situation where an economy or a production process is operating in such a way that it could not produce more of one good without producing less of another.

Profit-Maximizing

This is the process by which a company adjusts its production levels and pricing strategies to achieve the highest possible profit.

Short Run

A period in which at least one input is fixed and cannot be changed by the firm.

Economies Of Scale

The advantages in cost that enterprises gain by scaling up their operations, usually seen as a decrease in the per-unit cost of output as production scales up.