You Have Two Options for How to Spend the Afternoon

question 53

Multiple Choice

You have two options for how to spend the afternoon. You can either go see a movie with your roommate or work as a tutor for the Math Department. From experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. If you spend the afternoon working as a math tutor, you will get paid $45. On a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. What is your economic surplus from working as a math tutor instead of going to the movies?

• A)$8
• B)$12
• C)$22
• D)$57

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Definitions:

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Echoic

Pertaining to auditory processing, specifically the memory system that retains auditory information.

Atkinson And Shiffrin

Atkinson and Shiffrin developed the multi-store model of memory, which proposes that memory consists of three stores: a sensory register, short-term memory, and long-term memory.

Sensory Memory

The shortest-term element of memory that provides the ability to retain impressions of sensory information after the original stimuli have ended.