Some Computer and Chip Manufacturers Use the Term ____ to Refer

question 131

Multiple Choice

Some computer and chip manufacturers use the term ____ to refer to a personal computer processor chip.

• A) microprocessor
• B) parallel processor
• C) coprocessor
• D) perpendicular processor

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Definitions:

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Diseconomies

Negative effects on costs that occur as a business expands, typically resulting from inefficiencies that stem from managerial and operational challenges.

Expansion Path

A curve in input space showing how the optimal mix of inputs changes as the firm expands output.

Fixed Proportion

Refers to a production process where inputs must be used in strict, unchanging ratios to produce an output.