Answer:
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Explanation:
Answer and Explanation:
The criteria defined for the instruments that changes rapidly with time, ae called dynamic characteristics. These characteristics are namely
1. Speed of response
2. Fidelity
3. Dynamic error
4. Measuring lag
Speed of response
It is the speed with which a measurement system responds to changes in the measured quantity.
Fidelity
It is the degree to which a measurement system indicates changes in the measured quantity without dynamic error.
Dynamic error
It is the difference between the true value of the quantity changing with time and the value indicated by the measurement system if no static error is assumed. It is also known as measurement error.
Measuring lag
It is the delay in the response of a measurement system to changes in the measured quantity. It is divided into two as follows.
Answer:
a) FALSE: the opportunity cost of an activity is the total value of all of the alternatives passed up
b) FALSE: OC is a subjective measure of cost - only the individual can estimate the expected costs/benefits himself
c) FALSE: Info is only gathered if the expected benefits from gatherings info exceeds the costs of getting the expected costs - people normally make choices based on limited and incorrect info because of convenience
d) TRUE: you can guess you will enjoy a movie and then find it too violent for your tastes
Explanation:
Opportunity cost is commonly known as the alternative option to a particular activity. It is necessary to collect as many vital information as possible. It is important to collect information for business purpose and personal reasons. A movie can be interesting and at the same time, contains horror violent scenes.
