The Difference Between an Algorithm and a Heuristic Is That

question 153

Multiple Choice

The difference between an algorithm and a heuristic is that an algorithm is ___,whereas a heuristic is ___.

• A) fast and always correct; slow and sometimes correct
• B) a shortcut; meticulous and methodical
• C) methodical and always correct; fast and may lead to an incorrect solution
• D) not the path to a correct solution; always the path to a correct solution

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Definitions:

Inputs

Resources used in the production process to create goods and services, including labor, materials, and capital.

Total Output

The total quantity of goods or services produced by a firm or economy over a specific period.

Isoquants

Curves that represent the combinations of inputs that yield the same level of output, used in production theory.

Perfectly Substitutable

Products or services that can be used in place of one another without any loss of utility or value to the consumer, often influencing competitive markets.