Suppose Wolfgang Really Likes Rutabagas and Likes Broccoli Fairly Well

question 461

Essay

Suppose Wolfgang really likes rutabagas and likes broccoli fairly well.Suppose the prices of both goods are
$0.60 per pound and Wolfgang is maximizing utility, consuming 5 pounds of rutabagas and 0.5 pound of broccoli per month.We can conclude that at the point of maximal utility:
A.the marginal utility of the two goods is the same.
B.the marginal utility of rutabagas is greater than the marginal utility of broccoli.
C.the marginal utility of broccoli is greater than the marginal utility of rutabagas.
D.the marginal utility of both goods is zero.

Grasp the concepts of primacy and recency effects and their importance in short-term and long-term storage.

Explain how selective attention contributes to memory formation and information processing.

Differentiate between explicit and implicit memories, and understand the effects of anterograde amnesia on these memory types.

Describe the two types of explicit memory and provide real-life examples for each.

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