If There Is a Technological Advance That Lowers the Cost

question 60

Multiple Choice

If there is a technological advance that lowers the cost of producing x-ray machines, then we can say that

• A)The quantity demanded for those machines will increase
• B)The demand for those machines will shift right
• C)The quantity supplied of those machines will go up
• D)The quantity supplied of those machines will decrease

Recognize the practical application of cognitive and language theories in everyday scenarios.

Understand the ethical and security issues related to information systems.

Distinguish between different types of innovations and their impacts on industry.

Identify and describe the various types of data and their importance to businesses.

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Definitions:

EtherNet/IP Protocol

A communications protocol widely used in industrial applications for networking various devices, including PLCs and sensors, over Ethernet.

Control and Information Protocol

A network protocol used in industrial automation to manage and transfer control data and device information.

HART Communication Protocol

A communication protocol used for sending and receiving digital information across analog wires between smart devices and control or monitoring systems.

Smart Field Devices

Intelligent sensors and actuators capable of communication and data processing, used for monitoring and controlling processes in industries.