Explain why Information Technology's cost-performance ratio is predicted to increase by a factor of 100 but performance is only expected to improve by a factor of 50.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter23: Managing Vertical Relationships
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Explain why Information Technology's cost-performance ratio is predicted to increase by a factor of 100 but performance is only expected to improve by a factor of 50.

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