Information Is Maintained in Short-Term Memory Only Briefly Unless It

question 73

Multiple Choice

Information is maintained in short-term memory only briefly unless it is

• A) encoded.
• B) rehearsed.
• C) iconic or echoic.
• D) retrieved.

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Definitions:

Marginal Costs

The supplementary cost involved in the production of one more unit of a product or service.

Production Possibilities Curve

A graph that shows the maximum number of possible units of two commodities that a economy can produce with available resources and technology.

Marginal Benefit

The incremental gain in happiness or usefulness obtained through consuming an extra unit of a good or service.

Marginal Cost

Marginal cost is the cost incurred by producing one additional unit of a product or service, emphasizing the concept of variable costing.