Define opportunity cost, computer science, Basic Computer Science

Assignment Help:

 

Define opportunity cost

The opportunity cost of any commodity is defined as the cost of next best alternative, which has been sacrificed for producing the given commodity. The concept of opportunity cost is derived from the diverse or alternate uses of the resources available in the economy. If the resources are used for the production of one alternative then, the benefit of the given resource from other alternative is sacrificed. This sacrifice of withdrawing the given resources in alternative activity, in order to carry out a given activity, is termed as opportunity cost.

related links: Computer Science Assignment Help

 


Related Discussions:- Define opportunity cost, computer science

Explain the term "algorithmic delay", QUESTION a) What is Time Division...

QUESTION a) What is Time Division Multiplexing (TDM), illustrate your answer with a diagram b) Describe four types of RTCP messages c) i) What is silence compression in I

Explain briefly about gnome desktop, Question 1 Brief about the shells of ...

Question 1 Brief about the shells of Linux operating system Question 2 Explain briefly about GNOME desktop Question 3 Write note on the following Encryption Sig

Computer science, Explain Canonical cover and Extraneous Attributes with ex...

Explain Canonical cover and Extraneous Attributes with examples.

2. What benefits can a company gain by managing its , 2. What benefits can ...

2. What benefits can a company gain by managing its own information infrastructure and services?

Information security, can someone balance between information security and ...

can someone balance between information security and access, if yes,how can they balance?

Pipelining concept, The easiest way to approach pipelining is to regard as...

The easiest way to approach pipelining is to regard as the three stage fetch, decode and execute instruction execution cycle outlined earlier. There are times during each of these

Integers, what is the size of a void integer and what is it''s range

what is the size of a void integer and what is it''s range

Define stocktaking, QUESTION (i) Define each of the following terms: ...

QUESTION (i) Define each of the following terms: a) Book trade catalogue b) Stocktaking c) Ephemera d) Contracting out e) Special library (ii) Discuss the adv

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd