Table 4.1 - Utility Schedule

question 36

Multiple Choice

Table 4.1 - Utility schedule
Complete the table and then use the information to answer the question(s) below.
-In Table 4.1,the marginal utility of the third unit is:

• A) 5.
• B) 8.
• C) 12.
• D) 52

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Definitions:

Procedural Memory

The type of long-term memory related to the acquisition of skills and procedures, enabling activities such as walking or riding a bike without conscious awareness.

Short-Term Memories

The aspect of memory involved in the temporary storage of recent information, which can typically be held for a period of seconds to a few minutes.

Long-Term Memories

A type of memory responsible for the storage of information over an extended period, potentially as long as a lifetime.

Distraction

Any stimulus or event that diverts attention away from a primary task or point of focus.