Casey Griggs Is a Very Capable Computer Engineer

question 58

Multiple Choice

Casey Griggs is a very capable computer engineer. Recently, he noticed a problem that computer engineers have, and thought of a solution to the problem that might represent an opportunity for a new software product. Casey's idea for a new software product is an example of a(n) ________ discovery.

• A) chance
• B) serendipitous
• C) traditional
• D) conventional
• E) opportune

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Definitions:

Demand Curve

A graph that illustrates the connection between the cost of a product and the amount of the product buyers are ready to buy at various costs.

Marginal Revenue

The increase in total revenue that results from selling one additional unit of a product.

Average Revenue

The revenue generated per unit of output sold, calculated by dividing total revenue by the quantity of outputs sold.

Total Revenue

The overall amount of money earned by a business for its products or services before any costs or expenses are subtracted.