Figure: Demand and Marginal Revenue (Figure: Demand and Marginal

question 177

Multiple Choice

Figure: Demand and Marginal Revenue (Figure: Demand and Marginal Revenue) The figure Demand and Marginal Revenue refers to a software upgrade.The producer incurred fixed costs of $10 million to produce the upgrade; the marginal cost of allowing consumers to download the upgrade is zero.What is the efficient price of the upgrade?

• A)$0
• B)$50
• C)$75
• D)$100

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Definitions:

Beneficence

A Belmont Report principle that human subjects research should maximize possible benefits and minimize possible harm to participants.

Justice

A Belmont Report principle that the benefits and risks of research should be distributed fairly.

Categorical Imperative

Philosopher Immanuel Kant’s concept that a behavior is valid if one is willing to see it applied as a universal rule.

Informed Consent Forms

Documents that explain the details of a study to participants, ensuring they understand the risks and benefits before agreeing to take part.