In a monopolistically competitive industry:
A.) to maximize profits, firms set MR = MC, and people would be better off if output were reduced.
B.) output could be increased without an increase in total cost.
C.) people would be better off if output were reduced.
D.) a firm maximizes profits when MR = MC yet P > MC.

The statement "children absorbing their environment's psych development adolescent" is not entirely clear.

The statement seems to suggest that children's environmental factors affect their psychological development during adolescence. This statement is generally true because the adolescent period is characterized by several changes, including cognitive, emotional, and social development. During this period, children are more receptive to their surroundings and are more likely to adapt to what they perceive in their environment. This ability to absorb environmental factors significantly affects their psychological development as they transition from childhood to adulthood.

To summarize, the statement is generally true as environmental factors have a significant impact on the psychological development of adolescents.

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The questions on Alfred Binet's original intelligence test, known as the Binet-Simon Scale, were developed by Binet himself in collaboration with his colleague.

Theodore Simon Binet was a French psychologist, and his primary objective in creating the test was to develop a standardized method of identifying children who were experiencing academic difficulties.

Binet and Simon worked together to design a series of tasks and questions that would assess various cognitive abilities, such as memory, attention, problem-solving, and verbal comprehension. The test aimed to measure a child's mental age, which refers to the level of intellectual functioning compared to other children of the same chronological age. The higher the mental age relative to the chronological age, the more advanced the child's intellectual abilities were considered to be.

The questions on the Binet-Simon Scale were intended to be age-appropriate and based on the assumption that intelligence develops progressively as children grow older. The tasks included tasks like pattern completion, object naming, defining words, solving logical problems, and understanding and following instructions.

It is important to note that Binet's original intelligence test has undergone several revisions and adaptations since its initial development in 1905. Subsequent researchers and psychologists have built upon Binet's work to refine and expand intelligence testing, leading to the development of various modern intelligence tests, such as the Stanford-Binet Intelligence Scales and the Wechsler Intelligence Scale for Children. These contemporary tests include a broader range of cognitive abilities and have been standardized on larger and more diverse populations.

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