One of the Single Greatest Drawbacks to Technological Advances Is

question 116

Short Answer

One of the single greatest drawbacks to technological advances is ____.The best chip manufacturers can do is to make circuit elements with a width of 130 nanometers,which ultimately limits the chip's speed and capacity.

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Definitions:

Total Fixed Costs

The total of all expenses that do not change with the amount of production or output.

Marginal Cost Curve

A curve that shows the cost of producing one more unit of a good or service, typically upward sloping because of increasing marginal costs.

Average Variable Cost Curve

A graphical representation of the variable cost per unit at different levels of output.

Total Variable Costs

The sum of all costs that vary with the level of output or production in the short run, such as materials and labor expenses.