In October 2024
Answer to Question #308151 in Microeconomics for Usman ali
Q-5. Over the past 40 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? For computer software? For typewriters?
Components have decreased in price, and the price of a finished computer has accordingly decreased. Therefore, now every family has a personal computer and more than one.
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