Research Shows That Items Presented First and Last Are ________

question 85

Multiple Choice

Research shows that items presented first and last are ________ than those presented in the middle.

• A) understood better
• B) remembered better
• C) less effective
• D) liked better

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Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Consumer Surplus

The distinction between the ideal payment by consumers for a product or service and the financial outlay they make.

Average Cost

An alternative term for average total cost; the total cost divided by the quantity of output produced.

Deadweight Loss

A reduction in economic effectiveness that happens when a product or service does not reach, or cannot reach, its equilibrium state.