Questions

Configuration Management is a support for software in managing the different items in the product, and changes in them.

A postage stamp on the letters, parcels, ... for post will be on the corner of the post but it travels around the world to any address we want send that.

The system unit of a personal computer typically contains microprocessor, disk controller and serial interface but it does not contain modem.

If a micrograph is false-colored, it means that the computer has created the colour for the object since we know that the electron microscopes sees only black and white colours.

Production costs to an economist reflect opportunity costs.

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.