Lake Is 2 Years Old and Hayley Is 13 Years

question 56

Multiple Choice

Lake is 2 years old and Hayley is 13 years old.According to his critics,Piaget is likely to

• A)underestimate Lake's cognitive abilities because he is a boy and overestimate Hayley's cognitive abilities because she is a girl.
• B)underestimate Lake's cognitive abilities because he is a young child and overestimate Hayley's cognitive abilities because she is an adolescent.
• C)overestimate Lake's cognitive abilities because he is a boy and underestimate Hayley's cognitive abilities because she is a girl.
• D)overestimate Lake's cognitive abilities because he is a young child and underestimate Hayley's cognitive abilities because she is an adolescent.

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Definitions:

Minimum Efficient Scale

The smallest production quantity at which the long-run, total average cost is minimized.

Economies of Scale

Refers to the cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost.

Production Process

A sequence of steps or operations involved in the manufacture of goods or the delivery of services.

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale.