Examlex
When the size of an array increases by a factor of 100, the time required by selection sort increases by a factor of ____.
Sunk Costs
Expenses that have been incurred and cannot be recovered, which should not influence future economic decisions.
Production
The process of creating goods or services using inputs like labor, capital, and raw materials.
Bounded Rationality
The concept that decision-making is limited by the information, cognitive limitations, and time constraints.
Opportunity Cost
The cost of foregone alternatives when one option is chosen over another, essentially the benefits you could have received by taking an alternative action.
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