Refer to the Figure Below

question 63

Multiple Choice

Refer to the figure below. Suppose MC₁ is the marginal cost of information and MB₁ is the marginal benefit of information. Should a rational consumer pay $6 to get a 5^th unit of information?

• A)Yes, because at this price, the marginal benefit of the 5^th unit exceeds its marginal cost.
• B)No, because at this price, the marginal cost of the 5^th unit exceeds its marginal benefit.
• C)Yes, because at this price, the marginal benefit of the 5^th unit equals its marginal cost.
• D)No, because at this price the marginal benefit of the 5^th unit exceeds its marginal cost.

Assess the impact of existing IT architecture on IT strategy planning.

Differentiate between the technical and managerial aspects of IT architecture.

Understand the transition and reasons for shifting between software development methodologies.

Understand the lifecycle and management of software systems, including cost considerations.

---

Definitions:

Vietnam Syndrome

A public aversion to American military engagement overseas due to the psychological trauma and political fallout from the Vietnam War.

Private Influence

Refers to the unseen or indirect control, impact, or guidance exerted by individuals or organizations in private sectors over public decisions, policy-making, or opinion.

American Foreign Policy

The strategies and decisions employed by the United States in its interactions with other nations, including diplomacy, military actions, and treaties, to achieve national objectives.

Corporations

Legal entities that are separate and distinct from their owners, which can own property, enter into contracts, and be sued or sue others.