Gooey Flakes Is the Only Ready-To-Eat Cereal That Has Chocolate

question 61

Multiple Choice

Gooey Flakes is the only ready-to-eat cereal that has chocolate syrup in each flake.The machine that injects the syrup into the flakes has no alternative uses.Which of the following is true?

• A)All of the machine's earnings are economic rent.
• B)All of the machine's earnings are opportunity cost.
• C)The supply curve for this machine is horizontal.
• D)The demand curve for this machine is horizontal.
• E)The demand curve for this machine is vertical.

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Definitions:

Encoding

The process of converting information into a form that can be stored and retrieved later from memory.

Chunk Information

A strategy used to break down information into smaller, more manageable parts for easier understanding or recall.

Short-term Memory

The short-duration, limited-capacity memory component in which selected input from the memory store is worked on.

Sensory Memory

A very short-term memory that holds sensory information, allowing individuals to retain impressions of sensory information after the original stimulus has ceased.