For Most Families,total Utility Does NOT

question 46

Multiple Choice

For most families,total utility does NOT:

• A)rise as income rises.
• B)rise less quickly as income rises.
• C)show increasing marginal utility.
• D)show diminishing marginal utility.

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Definitions:

Memorability

The quality of being easily remembered or recalled.

Encoding Specificity

The principle that memory retrieval is more effective when the cues present at the time of encoding are also present at retrieval.

Memorability

The quality of being easy to remember due to being notable or remarkable.

Context-Dependent Learning

Context-dependent learning is the phenomenon where the context in which information is learned affects the ability to recall that information.