_____ Is the Prediction That About Every Two Years, Computer

question 39

Multiple Choice

_____ is the prediction that about every two years, computer processing power would double and its cost would drop by 50 percent.

• A) Moore's law
• B) Amdahl's law
• C) Metcalfe's law
• D) Haitz's law

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Definitions:

Industry Price

The general price level for goods or services within a specific industry, often influenced by market dynamics such as supply and demand.

Duopoly

A market structure dominated by two companies, resulting in limited competition.

Demand Curve

A chart depicting how the price of an item correlates with the amount of that item consumers are ready and capable of buying at different price levels.

Marginal Cost

The extra cost involved in producing one more unit of a product or service.