Arnold Is a Utility-Maximizing Consumer

question 195

Multiple Choice

Arnold is a utility-maximizing consumer.If he thinks his last dollar spent on playing golf yields less satisfaction than the last dollar spent on movies,he should _____

• A)play more golf so that the total satisfaction derived from golf increases.
• B)spend less on movies so that the marginal satisfaction of a movie increases.
• C)play less golf and spend more on movies.
• D)not play golf at all.
• E)play more golf because it costs less.

---

Definitions:

Set Method

A method used in object-oriented programming to set or update the value of a specific property.

Index

Represents the position of an element within a list, array, or other data structures, typically starting from a specific base value, often 0 or 1.

Length Method

A method commonly used in programming to obtain the length or the number of elements in an object, such as an array or a string.

ArrayList Class

An implementation of the List interface in Java that uses a dynamic array to store elements, enabling automatic resizing as elements are added or removed.