If the Efficient Output of Computers Is Achieved This Year

question 29

Multiple Choice

If the efficient output of computers is achieved this year, then market price of computers is equal to:

• A)the marginal social benefit of computers.
• B)the marginal social cost of computers.
• C)the total social benefit of computers.
• D)both (a) and (b) are correct

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Definitions:

In-House

Activities or operations performed within a company by its own employees instead of being outsourced to third-party providers.

Data Analytics

The method of analyzing, purifying, converting, and designing data to uncover valuable insights, guide conclusions, and aid in making decisions.

Mass Customization

A manufacturing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Cloud-Based Applications

Software programs that are hosted on remote servers and accessed over the internet, allowing for flexibility, scalability, and remote accessibility.