MrWagner Stands in Front of the Class Explaining the Process

question 76

Multiple Choice

Mr.Wagner stands in front of the class explaining the process of evolution.Ellen is sitting in the front row, but her mind is on the unpleasant argument she had with her best friend just before class.Based on this information, how far in Ellen's memory system did Mr.Wagner's lecture get?

• A)It reached the sensory register.
• B)It reached working memory.
• C)It reached long-term memory.
• D)It never got into the memory system at all.

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and easy entry and exit from the market.

Long Run

A period in which all factors of production and costs are variable, enabling full adjustment to change.

Short Run

A period in which at least one input in the production process is fixed, and only some inputs can be adjusted by firms.

Decreasing Costs

A situation where the total cost of production decreases as the volume of production increases.