Part 2 of 3
Suppose the value of technology adoption to a given user is log(n) where n is the total number of
users who have already adopted the technology.
Suppose the cost of technology adoption per user is c. Assume there are N users in the market.
Assume c > 0.
What is socially optimal level of adoption? What would be social value at that level? [2]
Solution
One of the most persistent themes in the social sciences, history, and the humanities is the impact
of technology and technological change on all aspects of social life. Major changes in human life
have been associated with major technological changes, such as the.
Part 2 of 3Suppose the value of technology adoption to a given use.pdf
1. Part 2 of 3
Suppose the value of technology adoption to a given user is log(n) where n is the total number of
users who have already adopted the technology.
Suppose the cost of technology adoption per user is c. Assume there are N users in the market.
Assume c > 0.
What is socially optimal level of adoption? What would be social value at that level? [2]
Solution
One of the most persistent themes in the social sciences, history, and the humanities is the impact
of technology and technological change on all aspects of social life. Major changes in human life
have been associated with major technological changes, such as the
![Part 2 of 3
Suppose the value of technology adoption to a given user is log(n) where n is the total number of
users who have already adopted the technology.
Suppose the cost of technology adoption per user is c. Assume there are N users in the market.
Assume c > 0.
What is socially optimal level of adoption? What would be social value at that level? [2]
Solution
One of the most persistent themes in the social sciences, history, and the humanities is the impact
of technology and technological change on all aspects of social life. Major changes in human life
have been associated with major technological changes, such as the](https://image.slidesharecdn.com/part2of3supposethevalueoftechnologyadoptiontoagivenuse-230325102115-33b95f7b/85/Part-2-of-3Suppose-the-value-of-technology-adoption-to-a-given-use-pdf-1-320.jpg)
