One Rough Formula to Help Determine When to Replace Hardware

question 36

True/False

One rough formula to help determine when to replace hardware is the ratio of the average age of hardware pieces to the average age of the operating systems running on the machines.

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Definitions:

Natural Monopolies

Situations in which a single firm can supply a good or service to an entire market more efficiently than multiple firms could, often due to high infrastructure costs making competition impractical.

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the net benefit to society, considering both production and desires of consumers.

Simultaneous Consumption

A consumption pattern in which a product or service is consumed by multiple users at the same time without reducing its availability to others.