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In Sternberg's triarchic theory of intelligence, analytic intelligence involves the ability to adapt to the environment and reflects "street smarts."
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Total Revenue
The total amount of money generated by the sale of goods or services before any expenses are subtracted.
Fixed Cost
Expenses that do not vary with the level of production or sales, such as rent or salaries.
Variable Cost
Costs that vary directly with the level of production or with volume of output.
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