With modern computing capabilities, can we design superior products that cost less to make, last longer,...

With modern computing capabilities, can we design superior products that cost less to make, last longer, and provide long-run advantages and versatility?

Can proper planning and engineering save us money in the long-run?

Expert Solution

With modern computing capabilities, can we design superior products that cost less to make, last longer, and provide long-run advantages and versatility?

Definitely yes. As per the the statement when modern technology applied and new inventions are made, it definitely leads to production of superior and versitile products. Also the modern computing technology made production easy and made the cost less. It is a major reason of the outward shift of the production possibilities frontier. An important advantage that modern manufacturing have today is the advancement of technology. Due to advancement of technology we can produce high quality goods in lesser cost which are also provide long term advantage.Due to advance technology, knowledge and eduction the superior products can be produced with less cost.

Can proper planning and engineering save us money in the long-run?

Planning is thnking the future course of action. It is the very first step in any activity. Proper planning can save money in the long run. Planning makes the producer very much clear about the future and avoids overlappings and ambiguity which helps the producer to save money.

Engineering is the application of science to do the things in a in a very improvised and technical manner. Any activity can be done in a modern and better way by the application of engineering techniques. It makes the things better and helps to save money.

Rahul Sunny answered 2 years ago

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