An Important Figure in the Development of an Early Computer

question 23

Multiple Choice

An important figure in the development of an early computer and the inventor of the computer language COBOL was

• A)J.Robert Oppenheimer.
• B)Karl Barth.
• C)Grace Hopper.
• D)William Gates.
• E)Ludwig Wittgenstein.

---

Definitions:

Demand Equation

A mathematical representation of the demand curve, expressing the relationship between the quantity demanded and various factors that influence it, such as price.

Marginal Utility

The supplementary enjoyment or value someone gains from consuming one more unit of a certain good or service.

Utility Maximization

The process by which individuals select the combination of goods and services that maximizes their level of satisfaction, given their budget constraint.

Diminishing Utility

is an economic principle stating that as a person consumes more of a good, the marginal utility of each additional unit decreases.