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 acl with its types, Question 1 Discuss the two basic operational c...

Question 1 Discuss the two basic operational characteristics of RR Only an active route is redistributed Route redistribution does not impact local route selection

Artificial intelligence, Artificial Intelligence Artificial Intelligen...

Artificial Intelligence Artificial Intelligence is difficult science to explain, as it has fuzzy borders with  computer science, mathematics,  philosophy, physics,  psychology

How does a flash drive work?, Question 1 What is a desktop? Explain the...

Question 1 What is a desktop? Explain the Windows XP desktop? 2 How does a flash drive work? 3 Write the procedure for creating Macro 4 Explain the process of applyin

Microwave transmission, Microwave Transmission: Using space as transmi...

Microwave Transmission: Using space as transmission medium, microwave emanates from an origination point on earth, such as telephone exchange, where many individual messages h

Perform a mail merge to send invitation, Question Elaborate the various...

Question Elaborate the various steps in performing a Mail Merge. Perform one mail merge operation for sending invitation for a conference which is being conducted in your organ

Computer files, criteria for classifying computer files

criteria for classifying computer files

Explain the functions of alu, Question 1 Write down the Booth's Multiplica...

Question 1 Write down the Booth's Multiplication Algorithm. Justify the Booth's Multiplication Algorithm Question 2 Explain the functions of ALU Question 3 Define the term ins

Flowcharts, flowchart that display yhe students average scores for 3 quizze...

flowchart that display yhe students average scores for 3 quizzes.Assume that there are 3 sections having 5 student each.Valid number is 1-100 for the quizzes.Enter an invalid numbe

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