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-The above figure shows Bobby's indifference map for juice and snacks.Also shown are three budget lines resulting from different prices for snacks.As the price of snacks rises,the price for juice
Chunking
A memory technique involving the organization of information into smaller, manageable units or chunks, making it easier to remember.
Primacy Effect
The tendency to remember information at the beginning of a list better than the information that follows.
Recency Effect
The tendency to remember the most recently presented information best in a series of items.
Interference
A phenomenon in which one memory competes with or replaces another memory, making it less likely to be recalled.
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