Start learning 50% faster. Sign in now
Adam Smith points out that practical things that we use every day often have little or no value in exchange. Things like cups, utensils, socks, and water are a few examples. On the other hand, things that often have the greatest value in the market have little or no practical use. This is because of marginal utility and scarcity . There is plenty of water in most parts of the world (not scarce), which means that, as consumers, we usually have a low marginal utility for water. In a typical situation, we aren't willing to pay a lot of money for one more drink of water. Diamonds, however, are scarce. Because they are harder to find and attain, our marginal utility (additional satisfaction), for adding a diamond to our collection is much higher than someone offering us one more drink of water.
Pen drive has which type of memory?
Which of the following is a unit of digital storage equal to approximately one trillion bytes?
When several "tasks" (also known as processes) may be run at the same time in an operating system, then system is called as
A __________ is a system designed to prevent unauthorized access to or from a private network
Which of the following shows current status of the window –
A program controls the various computer parts and allows the user to interact with the computer is known as
________ is a software system allowing extensive cross-referencing between related sections of text and associated graphic material.
Where did the idea to number the different generations of the Web 2.0 come from?
The date command at the DOS prompt enables you to
Which of the following connects one part of the mother board to another