Describe How We Organize and Store Information in Working and Long-Term

question 332

Essay

Describe how we organize and store information in working and long-term memory and how we can enhance our long-term memories.

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Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy.

Marginal Product

The additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Total Product

The overall quantity of output produced by a firm from a given quantity of inputs.

Short Run

In microeconomics, a period of time in which producers are able to change the quantities of some but not all of the resources they employ; a period in which some resources (usually plant) are fixed and some are variable.