Sharron purchased a computer for $500 in 2018. Compared to the $900 computer that she purchased in 2011, the new one seems better in terms of the price she has paid and the power of the microprocessor technology. This is best explained by
A) product liability.
B) property rights.
C) Moore's law.
D) purchasing power parity.
E) sustainable strategies.

Question

Quizplus · Accepted Answer

Moore's law suggests that the power of microprocessors doubles approximately every two years, leading to more powerful and cheaper technology over time. This explains why Sharron's newer computer is better and cheaper than the older one.

Sharron Purchased a Computer for $500 in 2018