Increased Recall at the Beginning and End of a List

question 11

Short Answer

Increased recall at the beginning and end of a list of information suggests ____________________ and ____________________ effects, respectively.

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Definitions:

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.

Process Innovation

Innovations that involve a new or significantly improved production or delivery method, enhancing efficiency or quality.

Process Innovation

The introduction of a new or significantly improved production or delivery method to reduce costs, improve quality, or produce a good or service more efficiently.

Economies of Scale

Refers to the cost advantage that arises with increased output of a product, where the average cost per unit falls as scale of production increases.