When You Buy the Setup CD of Microsoft Office, Microsoft

question 63

Multiple Choice

When you buy the setup CD of Microsoft Office, Microsoft is selling you ________.

• A) the right to use Windows Office
• B) the ownership rights of Microsoft Office
• C) Microsoft Office for a short period on rent
• D) the piracy rights to Microsoft Office

---

Definitions:

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the industry at various prices.

Input Price

The cost associated with procuring the resources needed for production, such as raw materials, labor, and machinery.

MC = MR

The condition where marginal cost equals marginal revenue, often used as a profit maximization rule for firms.