Adam Is Busily Stacking His Legos to Resemble a Castle

question 23

Multiple Choice

Adam is busily stacking his Legos to resemble a castle and then arranging his toy knights so that they can attack the walls.Other children are engaged in different games in other parts of the daycare,but Adam is only paying attention to his own battle.In Parten's categories,Adam is engaged in __________ play.

• A)solitary
• B)unoccupied
• C)parallel
• D)private

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Definitions:

Long-Run Adjustments

Refers to changes that firms in an industry make in response to economic opportunities or constraints, involving adjustments in production capacity or resource utilization over time.

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

Upsloping Line

A graphical representation indicating positive correlation between two variables; as one variable increases, so does the other.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, usually downward sloping.