A Computer Software Program Is Most Strongly an Example of

question 245

Multiple Choice

A computer software program is most strongly an example of

• A) vicarious property.
• B) fiat property.
• C) intellectual property.
• D) real property.

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Definitions:

Marginal Utility

The extra pleasure or benefit gained by a consumer from using one more unit of a product or service.

Total Utility

The absolute gratification obtained from the utilization of a designated complete quantity of a good or service.

Total Utility

The total satisfaction received from consuming a certain amount of a good or service.

Marginal Utility

The supplementary value or usefulness experienced from consuming one more unit of a good or service.