For Jack,the Total Utility from Three Shirts Is 50 Units

question 228

Multiple Choice

For Jack,the total utility from three shirts is 50 units and the marginal utility of one more shirt is 5.The total utility of four shirts is

• A) 45.
• B) 55.
• C) 55/4.
• D) 55/5.
• E) None of the above answers is correct.

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Definitions:

Episodic Buffer

Part of Baddeley's model of working memory, it is a temporary storage system that integrates information from different sources and bridges short-term memory with long-term memory.

Central Executive

A component of working memory model that acts as a control system, orchestrating the processing of information by directing attention, making plans, and integrating information.

Rehearsal

The repetition of an event that keeps the memory of that event in the short-term store.