Inattentional Blindness Is MOST Likely to Occur When a Person

question 35

Multiple Choice

Inattentional blindness is MOST likely to occur when a person is

• A)expecting to see a certain thing.
• B)consuming caffeine.
• C)studying.
• D)talking on a cell phone.

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Definitions:

Marginal Cost Curve

A graphical representation showing the cost of producing one more unit of a good.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing a profit above the opportunity cost.

Explicit and Implicit Costs

Explicit costs are direct payments made to others in the course of running a business, like wages or rents, while implicit costs represent the opportunity costs of using resources owned by the business.

Marginal Costs

The cost of producing one additional unit of a good or service, reflecting the change in total cost that comes from a one unit increase in output.