During the Last 30 Years Computers Have Changed Most Production

question 22

Essay

During the last 30 years computers have changed most production processes. Use an isocost-isoquant diagram to show the effect the spread of computers have had on labor during the last 30 years.

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Definitions:

Knowledge Resources

The information, expertise, and skills that individuals or organizations possess, which can be leveraged to make decisions, solve problems, and create value.

Information Technology

The employment of computers, storage systems, networking, and additional physical hardware, infrastructure, and methods for the generation, processing, storage, security, and transfer of all types of electronic data.

Computer Hardware

The physical components of a computer system, including the central processing unit, monitor, keyboard, and mouse.

Databases

Structured sets of data or information, typically electronically stored and accessed, used for efficient retrieval, management, and manipulation of data.