Expert Systems

question 21

Multiple Choice

Expert systems:

• A) solve problems too difficult for human experts.
• B) are based on DO WHILE rules.
• C) use rules based on human expertise.
• D) share characteristics with mainframe computing.
• E) are a type of machine based intelligence.

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Definitions:

Marginal Benefit

The increased benefit derived from the utilization of one more unit of a good or service.

Marginal Cost

The cost added by producing one additional unit of a product, focusing on changes in overall cost with slight increases in production.

Sunk Costs

Costs that have already been incurred and cannot be recovered.

Marginal Analysis

The examination of the benefits and costs of an additional unit of consumption or production to make decisions on allocations of resources.