Why are new technological leaps so expensive? For instance, it can’t seriously cost so much more to produce DDR4 memory than it does to produce DDR3.
It's a couple reasons. One is research. New technology requires millions and sometimes billions of dollars of research and development.
The Short Answer
It's a couple reasons. One is research. New technology requires millions and sometimes billions of dollars of research and development. For the first years of a technology's release, its price is higher to repay these costs, as well as the costs of failed designs that came before it. Another is scale. It takes time to build factories and whatever else to make a new type of technology, sometimes the machine that makes it has to be created from scratch as well. It takes time for the businesses that make the technology to devote the money and resources to make it, especially if there isn't proof that it will be a very popular technology.
Analysis
Key Concepts: Technology, make, research
This explanation focuses on technology, make, research and spans 113 words across 7 sentences. At 66% above the average Psychology explanation (68 words), this is one of the more thorough answers in this category, reflecting the complexity of the underlying question.
What This Answer Covers
The explanation opens with: “It's a couple reasons.” It then elaboratesultimately building toward a complete picture across 7 connected points.
How This Compares in Psychology
Ranked #82 of 500 Psychology questions by answer depth (top 17%). This places it in the comprehensive tier — the top quarter of most thoroughly answered questions. Questions at this depth typically involve multi-faceted topics requiring nuanced explanation.
Frequently Asked Questions
Is there a simple explanation for why new technological leaps so expensive? for instance, it can't seriously cost so much more to produce ddr4 memory than it does to produce ddr3.?
It's a couple reasons. One is research. New technology requires millions and sometimes billions of dollars of research and development. For the first years of a technology's release, its price is higher to repay these costs, as well as the costs of…
How detailed is this explanation compared to similar Psychology questions?
This is one of the most thorough answer at 113 words, ranked #82 of 500 Psychology questions by depth. The key concepts covered are technology, make, research.
What approach does this answer take to explain new technological leaps so expensive? for instance, it can't?
The explanation uses root cause analysis and scientific references across 113 words. It is categorized under Psychology and addresses the question through 2 analytical lenses.