How to give more RAM to a VirtualBox VM on a Mac

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QUESTION :

I have around 16GB of RAM on my Mac, and I’m running VirtualBox. I’d like to give the VM more than the 4GB of RAM it’s limited to – say, I want to give it 8 GB or more of my available RAM.

Is it possible to do so?

ANSWER :

Yes, you can change the amount of assigned memory in the VM’s settings under System » Motherboard.