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Provide students with a sample of a child's math work and have them use the Error Analysis Chart to identify the errors and analyze the pattern of errors.Have the students conduct the analysis by marking each error in the appropriate category on the chart and counting the number of errors in each category.Compare the results and discuss possible remediation strategies.
Marginal Revenue
The additional income received from selling one more unit of a product.
Marginal Cost
The additional cost resulting from the production of one more unit of a product or service.
Profit Maximizing
The procedure a business uses to ascertain the most profitable price and volume of output.
Monopolist
A single seller in a market, who has significant control over the price and supply of a specific good or service.
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