Seven-Year-Old Amy Demonstrates Logical Thinking When She Plays Checkers with Her

question 68

Multiple Choice

Seven-year-old Amy demonstrates logical thinking when she plays checkers with her father, but she has some difficulty thinking logically about hypothetical situations or abstract ideas. Amy is most likely in the _____ stage of cognitive development.

• A)sensorimotor
• B)preoperational
• C)concrete operational
• D)formal operational

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding other factors constant.

Marginal Product

The additional output produced as a result of utilizing one more unit of a particular input, holding all other inputs constant.

Average Product

The output per unit of a particular input, such as labor or capital.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one good for another.