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miguelita isabela
on Nov 25, 2024

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3-D printers are capable of producing real output like chairs or machine parts using a computer-controlled special printer at low cost even if you produce only one unit of output.

3-D Printers

Machines that create three-dimensional objects by layering material according to digital models, used in manufacturing, medicine, and more.

Real Output

The total value of goods and services produced by an economy, adjusted for inflation, reflecting the actual physical volume of production.

  • Explain the impact of technological advancements on production costs.
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SL
Sally LiangNov 29, 2024
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