Suppose That People Are Working on an Ongoing Task

question 27

Multiple Choice

Suppose that people are working on an ongoing task. They are most likely to forget to complete a prospective-memory task if

• A) they create a mental image of that prospective-memory task.
• B) they are performing the ongoing task automatically.
• C) the ongoing task is relatively easy.
• D) they create some concrete, external reminder of the prospective-memory task.

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Definitions:

Total Cost

The total of all costs associated with producing goods or services, which encompasses both fixed and variable expenses.

Marginal Revenue

The increase in earnings resulting from the sale of one extra unit of a good or service.

Marginal Cost

The amount needed to make one more unit of a certain product or service.

Total Economic Costs

The sum of all expenses a firm faces, including both explicit costs (direct payments) and implicit costs (opportunity costs).