Suppose a Professor Gives Up Her Teaching Job to Devote

question 137

Multiple Choice

Suppose a professor gives up her teaching job to devote her time to writing textbooks. If salaries of professors rise,

• A) her accounting profit will rise.
• B) her accounting profit will fall.
• C) her explicit costs will rise.
• D) her economic profit from textbooks will fall.
• E) her economic profit from textbooks will rise.

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Definitions:

Conservation

In cognitive development theory, the understanding that certain properties of objects, such as volume or mass, do not change despite changes in the objects' form or appearance.

Superficial Characteristics

Qualities or traits that are apparent on the surface and may not provide a deep understanding of something's essence or an individual's core personality.

Scaffolding

Vygotsky’s term for temporary cognitive structures or methods of solving problems that help the child as he or she learns to function independently.

Cognitive Development

The process by which an individual's ability to perceive, think, and understand their world grows and matures.