Genext, a leading mobile software developer in japan, agrees to develop exclusive software application programs for a new line of affordable smartphones to be launched by celcom, a smartphone manufacturer in china. the brand reputation and pricing strategies of both of these companies are expected to bring in large volumes of smartphone sales. the profits from the sales will be divided between these two firms. in the given scenario, genext and celcom have
a) entered into a licensing agreementb) formed a strategic alliancec) entered into an agreement for a mergerd) made a direct foreign investment

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.