The managerial definition of Moore's Law suggests that computing costs related to chips (microprocessors and silicon-based storage) double every eighteen months.

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Quizplus · Accepted Answer

Moore's Law actually states that the number of transistors on a microchip doubles about every two years, which historically has led to an increase in computing power and efficiency, not directly to a doubling of computing costs.

The Managerial Definition of Moore's Law Suggests That Computing Costs