A Supertype/subtype Hierarchy Is an Arrangement of Supertypes and Subtypes

question 50

Short Answer

A supertype/subtype hierarchy is an arrangement of supertypes and subtypes where each ________ has only one ________.

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Definitions:

Marginal Utility

It describes the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Total Utility

The overall satisfaction or benefit received by consuming a product or service.

Marginal Utility

The additional satisfaction a consumer gains from consuming one more unit of a good or service.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from acquiring or consuming one more unit of a good or service.