Dave and Buster Play Two Games of Tennis,then Decide to Go

question 39

Multiple Choice

Dave and Buster play two games of tennis,then decide to go have lunch.This type of decision making can be explained using the concept of:

• A)the income effect.
• B)the substitution effect.
• C)diminishing marginal utility.
• D)income maximization.

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Definitions:

Cost

The amount of money required to purchase, operate, or maintain a product or service or the effort involved in achieving something.

ROM

Read-Only Memory, a type of non-volatile storage media that is programmed with data that cannot be modified, or that can only be modified slowly or with difficulty.

Cache Memory

A small-sized type of volatile computer memory that provides high-speed data access to the processor and stores frequently used computer programs, applications, and data.

Boot

The process of starting up a computer from a powered-down or off state, involving the loading and initialization of the operating system.