A new technology increases the speed of computers without increasing production costs. What is the MOST LIKELY effect of this technology?
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Any computer technology, which improves performance without an increase in the production cost, is bound to open new opportunities for business and industries alike.
When the speed of computer goes up, it results in quicker turnaround time for processing or computation of data. Results are obtained within a shorter period of time.
Old systems will have to be upgraded to the new technology failing which they become obsolete.
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If a new technology increases the speed of computers without increasing production costs than demand for new computers will increase.
Technology has also increased the productivity of about every industry in the world and as a positive effect; human resources produce much more goods than a years ago and work less.
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