____ Was Established in 1994 at MIT to Oversee the Development

question 1

Multiple Choice

____ was established in 1994 at MIT to oversee the development of web technology standards.

• A) The University of Illinois
• B) The W3C
• C) Microsoft
• D) Netscape

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Definitions:

Opportunity Cost

The evasion of possible gains from diverse options by firmly deciding on one.

Alternative Foregone

The next best choice available to someone who has made a decision, also known as the opportunity cost.

Opportunity Costs

The financial downside to eschewing the next top alternative in the spectrum of choices.

Marginal Costs

Marginal costs refer to the additional cost incurred from producing one more unit of a good or service.