The "Law" of Diminishing Marginal Utility Implies That the

question 102

Multiple Choice

The "law" of diminishing marginal utility implies that the

• A)first unit of a good consumed will contribute most to the consumer's satisfaction.
• B)last unit of a good consumed will contribute most to the consumer's satisfaction.
• C)total utility is negative.
• D)total utility is constant as more units are consumed.
• E)marginal utility of a good diminishes over time.

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Definitions:

InstanceOf Operator

The instanceOf operator in Java is used to check whether an object is an instance of a specific class or interface, returning true or false.

Downcasting

The process of converting a reference of a parent class to a reference of a subclass in object-oriented programming.

Polymorphism

A concept in object-oriented programming that allows methods to do different things based on the object that it is acting upon, supporting methods with the same name but different implementations.

Late Binding

A programming concept where method calls are resolved at runtime, allowing for more dynamic and flexible code.