Which of the Following Is a Difference Between Working Memory

question 28

Multiple Choice

Which of the following is a difference between working memory and long-term memory?

• A)Problem solving and making inferences is something we do in long-term memory,not in working memory.
• B)Working memory retains information even longer than long-term memory.
• C)Working memory has a limited capacity whereas long-term memory has almost unlimited capacity.
• D)Working memory and long-term memory are the same thing.

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Definitions:

Profit-maximizing

Profit-maximizing refers to strategies or behaviors undertaken by firms aiming to achieve the highest possible profit from their operations.

Economic Profit

The differential tally between gross receipts and total obligations, including costs both acknowledged and undeclared.

Average Variable Cost

The total variable cost per unit of output, calculated by dividing total variable costs by the quantity of output.

MR = MC

Marginal Revenue equals Marginal Cost; a condition used to determine the profit-maximizing level of output for a firm.