Graphic Images Can Be Stored in a Variety of Formats

question 44

Multiple Choice

Graphic images can be stored in a variety of formats including _____.

• A) JPEG and GIF
• B) MP3 and MPEG
• C) ISDB and DVB
• D) WAV and MIDI

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Definitions:

Marginal Utility

The extra benefit or utility gained from acquiring or consuming an additional unit of a product or service.

Utility Per Dollar

The amount of satisfaction or usefulness gained per unit of currency spent, used to measure consumer value.

Marginal Utility

Marginal utility is the change in total satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.

Utility Maximization

The process by which consumers allocate their spending to achieve the greatest level of satisfaction or utility from their available resources.