The Terminology of Clips and Bins

question 7

Multiple Choice

The terminology of clips and bins

• A) is used exclusively for analog editing.
• B) has been adopted by designers of digital editing software.
• C) is used to visualize the logging process.
• D) none of the above.

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Definitions:

Total Utility

The complete gratification gained from the use of a certain quantity of goods or services.

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.

Marginal Utility

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

Water-Diamond Paradox

A concept in economics that questions why diamonds are more expensive than water despite water being essential for survival and diamonds not.