Richard has recently purchased a computer for $600.Compared to the $900 computer which he had purchased way back in 2010,the new one seems to be more efficient in terms of the price he has paid and the power of the microprocessor technology.This phenomenon is best explained by:
A) the law of demand.
B) Campbell's law.
C) Moore's law.
D) the law of diminishing returns.
E) Bowley's law.

Question

Quizplus · Accepted Answer

Moore's Law states that the number of transistors on a microprocessor chip will double approximately every two years, resulting in an increase in performance and decrease in cost. This explains why Richard's new computer, purchased at a lower cost than his previous one, is more efficient in terms of microprocessor technology.

Richard Has Recently Purchased a Computer for $600