Which of the Following Is Not a Way of Increasing

question 42

Multiple Choice

Which of the following is not a way of increasing research and development?

• A)a tax credit for research
• B)eliminating patents, copyrights and trademarks
• C)investing in human capital
• D)improving intellectual property laws

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Definitions:

Total Utility

Total utility is the total satisfaction or value a consumer derives from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.

Maximum

In mathematics or economics, maximum refers to the largest value in a given set or the highest point of a function or dataset.

Marginal Utility Data

Information that measures the additional satisfaction or benefit received by consuming an additional unit of a good or service.