The Microprocessor Was First Introduced in 1971 by

question 80

Multiple Choice

The microprocessor was first introduced in 1971 by

• A) IBM.
• B) Apple.
• C) Microsoft.
• D) Compaq.
• E) Intel.

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Definitions:

Total Utility

The total satisfaction received from consuming a particular quantity of goods and services.

Marginal Utility

The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.

Consumer Surplus

The disparity in the total spending consumers are willing and able to commit to a good or service compared to what they truly spend.

Quantity Demanded

The overall volume of a good or service that buyers are prepared and able to acquire at a designated price level.