Asked by
miguelita isabela
on Nov 25, 2024Verified
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.
Verified Answer
SL
Learning Objectives
- Explain the impact of technological advancements on production costs.