The Third Wave of Computing Was Characterized by the Introduction

question 41

Multiple Choice

The third wave of computing was characterized by the introduction of _____.

• A) personal computers
• B) mainframe computers
• C) minicomputers
• D) Internet computing
• E) laptops

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Definitions:

Diseconomies of Scale

An economic concept referring to a situation where, as a firm expands, the costs per unit increase.

Long-Run Average Total Cost Curve

A graphical representation that shows the lowest average total cost at which a firm can produce any given level of output in the long run, where all inputs are variable.

Downward-Sloping

A term often used in economics to describe a curve or line that represents a decrease in one variable as another increases, typical in demand curves.

Long Run

A period in which all factors of production and costs are variable, allowing for adjustment to changes.