When a Firm Experiences a Positive Technological Change

question 255

Multiple Choice

When a firm experiences a positive technological change

• A)the price of a share of the firm's stock rises.
• B)the firm is able to produce more output using the same inputs, or the same output using fewer inputs.
• C)the value of the firm's assets rises.
• D)the firm will hire additional workers in order to increase production.

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Definitions:

Processor Market

Refers to the industry and commerce surrounding the development, manufacture, and distribution of central processing units (CPUs) and related technologies.

Overclocking

Running the central processing unit at a speed faster than the manufacturer recommends.

Volatile Storage

Temporary storage, such as in random access memory. When the power is turned off, the data in volatile storage is cleared out.

Solid-State Drive

A storage device using flash memory with no moving parts, known for its speed compared to traditional hard drives.