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Yes.

You also need to know the business case, the cost of raw material, the production costs, the benefit to consumers, and about a hundred other factors.

You also will need to factor in new technology breakthroughs. In the 1980's, the desktop computers were less powerful than today's hand held calculators and cost well over $10,000.

However, if you just look around you, you will see how we have benefited from science and technology over the years. Don't you know, the cell phone is less than forty years old? And the first ones were big cumbersome suitcase phones. That is just one of hundreds of examples of scientific breakthroughs that are benefiting us today.

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Q: Is it very difficult to predict all of the costs and benefits associated with science and technology?
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