Which of the Following Refers to the Increase in the Usefulness

question 52

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:

Equal Installments

A method of loan repayment where the borrower pays the same amount periodically over the duration of the loan.

Borrowed

Referring to money or items obtained on loan, with the obligation to return or repay according to agreed terms.

Mortgage

A loan used to purchase real estate, where the property itself serves as collateral for the loan.

Interest And Principal

Refers to the two components of a loan payment: the interest (a percentage of the borrowed amount charged by the lender for using their money) and the principal (the original amount of the loan itself).