EC2 Is an Example of Cloud Computing

question 2

True/False

EC2 is an example of cloud computing.

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Definitions:

Convex Preferences

Consumer preferences that signify a desire for diversified bundles of goods, represented by convex-shaped indifference curves.

Indifferent

A term used in economics and decision theory to describe a situation where an individual or consumer does not prefer one option over another.

Diminishing Marginal

The principle that the marginal benefit of using or consuming one more unit of a good or service decreases as its quantity increases.

Rate

The speed at which a certain event occurs, often expressed as a quantity over time.