Define and Give Examples of Convergent and Divergent Thinking

question 62

Essay

Define and give examples of convergent and divergent thinking.How do these relate to creativity? Describe experiments that show how fixation can affect creativity.

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or sales volume.

Profit-maximizing Output

The point of production where a company reaches its maximum profit potential.

Total Revenue

The overall amount of money generated by a firm from selling its goods or services.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.