Suppose a Child Is Given These Two Facts: 1) If

question 157

Multiple Choice

Suppose a child is given these two facts: 1) If you hit a glass with a feather - the glass will break, and 2) Jason hit a glass with a feather. Which of the following statements is CORRECT?

• A) Children in both the concrete- and formal-operational periods will come to the correct conclusion - "the glass broke."
• B) A child in the concrete-operational period will come to an incorrect conclusion "the glass didn't break because feathers can't break glass") whereas a child in the formal-operational period will come to a correct conclusion "the glass broke").
• C) A child in the formal-operational period will come to an incorrect conclusion "the glass didn't break because feathers can't break glass") whereas a child in the concrete-operational period will come to a correct conclusion "the glass broke").
• D) Children in both the concrete- and formal-operational periods will come to an incorrect conclusion - "the glass didn't break because feathers can't break glass."

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Definitions:

Profit Maximization

The process a firm uses to determine the price and output level that returns the highest profit.

Marginal Cost

The rise in overall expense due to the production of an extra unit of a good or service.

Output Produced

The total amount of goods or services created or produced by an economic unit, such as a company or country, within a specific period.

Substitution Effect

The change in the consumption of goods in response to a change in their relative prices, holding the consumer's level of utility constant.