When Choosing an Algorithm, Faster Run Times Can Often Be

question 13

Multiple Choice

When choosing an algorithm, faster run times can often be achieved at the expense of what other resource?

• A) hard drive space
• B) processing power
• C) active memory
• D) interrupt requests

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Definitions:

External Cost

A cost borne by someone who does not participate in the transaction or decision that led to the cost, often associated with negative externalities.

Total Surplus

The sum of consumer and producer surplus in a market, indicating the overall economic benefit to society from market transactions.

Socially Efficient

An economic condition where the allocation of resources maximizes social welfare, often where marginal cost meets marginal benefit.

Negative Externalities

Costs that are suffered by a third party as a result of an economic transaction or activity, for which they are not compensated.