Math Geek Mom: Earlier Versions

By Rosemarie Emanuele. The market for electronic goods is the classic example of “decreasing costs” in Economics. This is because in this market the production of only one item, such as the first computers that were the size of a room and cost millions, gave way to the production of many more of what became a much less expensive items, such as the computers that many people hold in their cell phones and use every day. Read more...