Examlex
In 1904, British psychologist Charles Spearman suggested that the behaviors we consider intelligent have a common underlying factor called__________, which includes broad reasoning and problem-solving abilities.
Output
The total quantity of goods or services produced by a business, industry, or economy within a specific period.
Peak Efficiency
The state in which an entity or system is operating at its maximum potential and efficiency, without waste of resources.
Average Total Cost
This refers to the total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.
Marginal Cost
The rise in expense incurred from manufacturing an extra unit of a product or service.
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