Case-Based Critical Thinking Questions Case 7-1 Ethan Is Studying for a Test

question 21

Multiple Choice

Case-Based Critical Thinking Questions Case 7-1 Ethan is studying for a test about file names, extensions, and types. Answer the questions. Which of the following operating systems has executable files for applications with extension .app?

• A) Microsoft Windows
• B) Apple OS X
• C) Sun Unix
• D) None of the above

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Definitions:

Marginal Utility

This concept describes the additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Total Utility

The complete satisfaction or benefit a consumer receives from consuming a certain amount of goods or services.

Diminishing Marginal Utility

A common economic concept stating that as a person consumes more of a product, the satisfaction (utility) gained from each additional unit decreases.

Total Utility

It is the total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.