Figure 14-3
Suppose a firm operating in a competitive market has the following cost curves: 
-Refer to Figure 14-3. If the market price is $10, what is the firm's short-run economic profit?
Definitions:
Multiple Intelligences
A theory proposed by Howard Gardner, suggesting that humans have several different ways of processing information and these ways are relatively independent of one another.
Visual Spatial Reasoning
The ability to mentally manipulate 2-dimensional and 3-dimensional figures and to understand spatial relationships in order to solve problems.
Wechsler Intelligence Scale
A standardized test designed to measure human intelligence in various dimensions.
Spatial Cues
Environmental or sensory indicators that provide information about location, distance, and orientation in space.
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