Design Is the Second Phase of the SDLC in Which

question 41

True/False

Design is the second phase of the SDLC in which the current system is studied and alternative replacement systems are proposed.

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.

Marginal Rate Of Transformation

Amount of one good that must be given up to produce one additional unit of a second good.

Price

The amount of money required to purchase a good or service, usually determined by supply and demand in the market.

Marginal Rates Of Substitution

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility or satisfaction.