There Have Been Substantial Investments in Computers and Telecommunications Within

question 71

True/False

There have been substantial investments in computers and telecommunications within the service sectors,but there are no signs of improvement in productivity.

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Definitions:

Optimal Output

The level of production that maximizes a company's profits or minimizes its costs, taking into account demand and production capacity.

Market Price

The present cost at which a product or service may be purchased or sold, dictated by market demand and supply.

Optimal Short-Run Output

The level of production that maximizes a firm's short-term profits, given its existing constraints.

Market Price

The ongoing price level for an asset or service that can be traded or acquired in a market setting.