Which of the Following Refers to the Increase in the Usefulness

question 167

Multiple Choice

Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?

• A)Positive externalities
• B)Network externalities
• C)External marginal utility
• D)The impact of celebrity endorsements

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Definitions:

Thalamic System

A network within the brain that acts as a relay station, processing and transmitting sensory information to the cerebral cortex.

Medulla

An area in the brainstem responsible for controlling autonomic functions such as breathing, heart rate, and blood pressure.

Breathe

The process of inhaling and exhaling air to facilitate gas exchange within the lungs.

Metabolize Food

The biochemical process by which organisms convert food into energy and other substances necessary for life.