Since resources are limited, every time you make a choice about how to use them, you are also choosing to forego other options. Economists use the term opportunity cost to indicate what must be given up to obtain something that’s desired. A fundamental principle of economics is that every choice has an opportunity cost. How…
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Cause-effect Graphing Techniques
It is a testing method that aids in selecting test cases that logically relate Causes (inputs) to Results (outputs) to provide check circumstances. This is mainly a hardware testing approach tailored to software testing. This is a testing method that aids in choosing take a look at circumstances that logically relate Causes (inputs) to Results…
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Fixed vs Variable Costs
These costs are dynamic and respond to changes in business operations. The upside with fixed costs is that as you produce more goods or services, your relative cost of production decreases (an effect of economies of scale). That is, your fixed costs are the same to produce 100 units as they are to produce 200…
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Fixed vs Variable Costs
These costs are dynamic and respond to changes in business operations. The upside with fixed costs is that as you produce more goods or services, your relative cost of production decreases (an effect of economies of scale). That is, your fixed costs are the same to produce 100 units as they are to produce 200…
Read more
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- June 1, 2016 on Protected: Order – June 1, 2016 @ 12:30 AM
