What Is the Main Difference Between an Algorithm and a Heuristic

question 83

Multiple Choice

What is the main difference between an algorithm and a heuristic?

• A) Only algorithms enhance learning.
• B) Heuristics take much more time than algorithms.
• C) An algorithm always leads to a correct solution, while a heuristic does not.
• D) Heuristics are effective for small problems, while algorithms are only used for complex ones.

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Definitions:

Demand

The willingness and financial capacity of individuals to buy goods and services at certain price levels.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers over a range of prices.