The Ability to Unconsciously Process How Many Times You Checked

question 185

Multiple Choice

The ability to unconsciously process how many times you checked your e-mail during the past 24 hours best illustrates

• A) working memory.
• B) automatic processing.
• C) iconic memory.
• D) distributed practice.

---

Definitions:

Profit-Maximizing Seller

An economic agent whose primary objective is to achieve the highest possible profit from their sales.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, used to evaluate the trade-offs in resource allocation.

Accounting Profits

The total revenue of a company minus the explicit costs and expenses directly related to its operations, as shown in its financial statements.

Economic Profits

The difference between a firm's total revenue and its opportunity costs; also known as supernormal profit.