Examlex
-The figure shows the demand curve for hotel rooms at a local resort.
a) If the hotel charges $120 per night, how many rooms will they rent?
b) If there are only 40 rooms available, how much are customers willing to pay for a room?
c) If 60 rooms are available, how much are customers willing to pay?
d) What do the dollars in your answer to part (c) represent?
Implicit
Implicit refers to something that is suggested or understood without being directly expressed or stated.
Declarative Memories
Declarative memories refer to memories that can be consciously recalled, such as facts and events, and are stored in the hippocampus.
Episodic Memory
A category of enduring memory focused on recalling particular incidents, scenarios, and life moments.
Nondeclarative Memories
A type of long-term memory that does not require conscious thought to retrieve and is expressed through performance rather than recall, such as skills and conditioned responses.
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