Suppose That You Were Shown the Calculation $5,672 + $2,004

question 79

Multiple Choice

Suppose that you were shown the calculation $5,672 + $2,004 + $2,744, and needed to calculate the sum quickly. How would your automatic system handle this information?

• A) It would quickly see that the sum is about $10,000, but would not calculate the exact amount.
• B) It would calculate the exact sum, but would take a few moments.
• C) It would not process this information at all, since only the deliberate system deals with calculations.
• D) It would store the numbers and operators separately to pass along to the deliberate system for calculation.

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Definitions:

Additional Revenue

Income gained from any additional unit of output or sale beyond the current level of production or service.

Rent

A payment made by tenants to landlords in exchange for the use of real estate, equipment, or other properties.

Marginal Physical Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of input or labor.