If Larry Starts a New Pizza Parlor and Hires a Manager

question 5

Multiple Choice

If Larry starts a new pizza parlor and hires a manager for $30,000, this implies that:

• A) pizza parlor managers are inexpensive to hire.
• B) Larry must value his labor at less than $30,000 per year.
• C) Larry must value his labor at more than $30,000 per year.
• D) the price of pizza would be increased if Larry worked in the parlor himself.

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Definitions:

Preoperational

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, where children are unable to understand concrete logic and are instead focused on manipulation of symbols and language.

Concrete Operational

A phase in Piaget's model of cognitive growth where kids develop the skill to reason logically regarding tangible occurrences.

Sensorimotor

Pertaining to the combined processes of sensory input and motor output, often in the context of development or reaction to environmental stimuli.

Preoperational

The second stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking, egocentrism, and difficulty understanding conservation.