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You want to be sure that if somebody is trying to guess one of your user's passwords,the account will be locked out after 4 unsuccessful password entries. Furthermore,you want the account to be locked out for one hour before it automatically unlocks. The count of unsuccessful attempts should be reset after 20 minutes. What account lockout policies should you set and with what values?
Marginal Social Cost
The additional cost to society of producing one extra unit of a good or service, considering both private costs and externalities.
Marginal Private Cost
The additional cost incurred by the producer for producing an extra unit of a good, not considering external effects.
Equilibrium
A state where market supply and demand balance each other, and, as a result, prices become stable.
Social Marginal Benefit
The additional benefit to society of consuming or producing one extra unit of a good or service, including both direct and external benefits.
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