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

What is microcontroller?, Microcontroller: A highly integrated microprocess...

Microcontroller: A highly integrated microprocessor designed specifically for use in embedded systems. Microcontrollers typically includes an integrated CPU, memory (a small amount

ASP.net, educational website project

educational website project

C programming program, I wrote a program that adds up 5x5 matrices by colum...

I wrote a program that adds up 5x5 matrices by column and row. Now i have to use pointers to rewrite the same code how would do that

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

C++, Write a C++ program that declares three integers and three strings. Th...

Write a C++ program that declares three integers and three strings. The program prompts the user for three characters and three integers and prints them all on one line.

OPERATING SYSTEM, WHAT IS MULTIPLE CONTIGUOUS VARIABLE PARTITIONING

WHAT IS MULTIPLE CONTIGUOUS VARIABLE PARTITIONING

Explain initial dynamic model with example, Question 1 Explain initial dyn...

Question 1 Explain initial dynamic model with example Question 2 Discuss the importance of object orientation during system development Question 3 Distinguish between Ob

Discuss about xpointer, Question 1 How PHP works? Explain the structure of...

Question 1 How PHP works? Explain the structure of PHP Question 2 Write a note on links and webs Question 3 Explain why do you need Document Type Definition (DTD)?

Software basics, SOFTWARE BASICS: Software is a generic term covering ...

SOFTWARE BASICS: Software is a generic term covering the concepts, procedures and instructions which cause the computer systems to accomplish the required job, Generally, soft

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