When Considering Nolan and Gibson's' Information Technology Learning Curve, Technological

question 39

Multiple Choice

When considering Nolan and Gibson's' information technology learning curve, technological discontinuity was greatest during:

• A) the Internet era.
• B) the DP era.
• C) the Network era.
• D) the Micro era.

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Definitions:

Marginal Costs

The increase in total cost that arises from producing one additional unit of output, a key factor in determining optimal production quantities.

Short-Run Average Total Costs

The total production costs divided by the quantity produced when at least one input is fixed, typically analyzed in the short-run period.

Marginal Cost

The additional cost incurred by producing one more unit of a product or service, used in determining optimal production levels.

Short-Run Capacity

Refers to the maximum output a firm can produce under a given set of fixed and variable inputs within a short period.