The Last Part of the Brain to Develop Fully Is

question 19

Multiple Choice

The last part of the brain to develop fully is the

• A)cerebellum.
• B)cerebral cortex.
• C)frontal lobe.
• D)thalamus.

---

Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Price-Taking Firms

Companies that accept the market price as given and have no power to influence that price due to competition and market structure.

Economic Profit

Profit calculated by subtracting both explicit and implicit costs from total revenues, providing a more complete measure of real profitability.

Quantity

The amount or number of a product or service available or demanded in a market.