Critical Thinking Questions Case 1-2

question 26

Essay

Critical Thinking Questions
Case 1-2
John's new computer has started to perform oddly and he is concerned that it may have become infected with malware. He knows that you work for a company that produces antivirus software so he gives you a call to ask for advice.
-List at least six reasons you can give John for preventing viruses and other malware.

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Definitions:

Marginal Cost

The increase or decrease in the total cost of a product when the production volume is increased by one unit.

Opportunity Costs

The cost of an alternative that must be forgone to pursue a certain action, representing the benefits that could have been received by taking an alternative action.

Economic Costs

The total cost of choosing one action over another, including both explicit costs (direct payment) and implicit costs (opportunity costs).

Accounting Costs

Accounting costs, also known as explicit costs, refer to actual expenditures incurred by a business.