If the (Steadily Decreasing)marginal Benefit of Another Day Spent in the Hospital

question 63

Multiple Choice

If the (steadily decreasing) marginal benefit of another day spent in the hospital exceeds the (steadily increasing) marginal cost of an additional day spent in the hospital, the rational consumer of hospital services would be predicted to

• A)check out of the hospital immediately.
• B)stay in the hospital for at least that additional day.
• C)demand a refund from the hospital for the previous day's stay.
• D)complain about the hospital food.

---

Definitions:

Long-term Storage

The continuous storage of information which can last from days to decades, allowing for the retrieval of memories over a long period.

Network of Associations

A concept in cognitive psychology referring to how ideas or memories are linked together in the mind through shared qualities or experiences.

Spreading Activation Model

A cognitive model that explains how information is retrieved in the brain based on the concept of networks of connected ideas.

Memory

The faculty by which the mind stores and remembers information, allowing past experiences to influence future behavior and cognition.