Complete the following in 4 to 6 sentences: first, list two intellectual property rights. then, describe why an intellectual property right provides incentives for people to produce creative work.

There are two intellectual property rights: Industrial Property and Copyright. Industrial property are the trademarks, patents for inventions, and industrial designs. A copyright encompasses works in literature, art, film, architecture, and music. This also includes rights to copyright for artists’ performances, producers of recordings, and/or television programs.

Having a copyright provides opportunity of creating value and income for people whose means of living are through the above mentioned works.

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.