The Phrase "7 ± 2 Bits" Describes the ____

question 18

Multiple Choice

The phrase "7 ± 2 bits" describes the ____.

• A) capacity of short-term memory
• B) duration of short-term memory
• C) capacity of sensory memory
• D) duration of sensory memory

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Definitions:

Consumer's Budget

The total amount of income available to an individual or household for spending and saving after taxes have been accounted for.

Indifference Curves

Visual diagrams in microeconomics that display the mix of two products which provide the same level of pleasure and usefulness to a purchaser.

Indifference Map

A set of indifference curves, each representing a different level of utility, that together show the preferences of a consumer.