You Have Been Fortunate in That Your Nephew Was Born

question 72

Multiple Choice

You have been fortunate in that your nephew was born a few months before you began your developmental course.You remember some of your nephew's interesting behaviors.He has now mastered object permanence, and as you watch him, you remember that in class you discussed that object permanence is also a good measure of __________.

• A)short-term memory
• B)long-term memory
• C)episodic memory
• D)semantic memory

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Definitions:

Profit-Maximizing

A strategy or process businesses use to achieve the highest possible profit from their operations.

Total Profit

The total income of a business after subtracting all expenses from the total revenue obtained from sales and other sources.

Profit-Maximizing

Profit-maximizing is the process by which a firm determines the price and output level that returns the greatest profit.

Marginal Cost

The surplus cost involved in the production of an extra unit of a product or service.