In This Stage of the Five Steps to Mastery, Optimal

question 12

Multiple Choice

In this stage of the five steps to mastery, optimal performance becomes second nature. People at this stage are not consciously aware of the details.

• A)Expert stage
• B)Competent stage
• C)Proficiency stage
• D)Novice stage
• E)Over-achieving stage

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Definitions:

Productivity

The measurement of efficiency in which goods and services are produced, often assessed by the amount of output per unit of input.

Marginal Revenue Product Curve

A graphical representation showing how the addition of one more unit of a resource affects the total revenue.

Law of Diminishing Returns

An economic principle stating that if one factor of production is increased while others are held constant, the overall returns will eventually decrease after a certain point.

Resource Demand Curve

A graph that illustrates the quantity of a resource demanded at various price levels.