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To calculate the breakeven point, the equation (SP-VC)X - FC = 0 where SP = selling price per unit, VC = variable cost per unit, FC = fixed costs and X = the units at breakeven, can be used.
Object Permanence
The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed during infancy.
Secondary Circular Reactions
Repetitive actions in infants aged 4-8 months, centered around the infant's own body, demonstrating the beginning of intentionality.
Primary Circular Reactions
A concept in child development where an infant learns to reproduce an event that initially occurred by accident (e.g., sucking their thumb).
Centration
A cognitive limitation in early childhood, where a child focuses on one aspect of a situation while ignoring others.
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