The Cognitive System That Facilitates the Selection of Some Information

question 2

Multiple Choice

The cognitive system that facilitates the selection of some information for further processing, while inhibiting the selection of other information for processing, is called:

• A) Attention
• B) Mental imagery
• C) Sensation
• D) Perception

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Definitions:

Marginal Revenue

The revenue gain from the sale of an additional good or service unit.

Marginal Revenue

The growth in income arising from the sale of an extra unit of a product or service.

Price Discriminate

The practice of selling the same product or service at different prices to different customers, based on factors such as willingness to pay, market segment, or purchase location.

Demand (D)

The quantity of a particular good or service that consumers are willing and able to purchase at various prices during a certain period of time.