Many Children Can Classify by Two Criteria,such as Color and Shape,by

question 86

Multiple Choice

Many children can classify by two criteria,such as color and shape,by the age of

• A)12 months.
• B)18 months.
• C)2 years.
• D)4 years.

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Definitions:

Variable Factor

An input in the production process that can be adjusted in the short term to change the output level, such as labor or raw materials.

Fixed Factors

Elements of production that cannot be easily increased or decreased in the short term, such as land, buildings, or capital equipment.

Weak Axiom

A principle or condition in economics that provides a minimal criterion for consumer choice consistency under certain assumptions.

Profit Maximization

A process or strategy in which a firm's primary objective is to achieve the highest possible profits by adjusting its production and pricing techniques.