The doubling of the power of microprocessor technology while the costs of its production decreases by half is called Law.

The doubling of the power of microprocessor technology while the costs of its production decreases by half is called Moore's Law.

Explanation:

The Moore's Law was a law derived from a projection on historical trend of the number of transistors in integrated circuits rather than a statement based on laws of Physics. This law stated originally that the number of transistors in an integrated circuit doubles whereas production costs halves due to gain in manufacturing and design experiences every two years. This empirical law was formulated in 1.965.

Microprocessors are IC-based.

The complete answer is: The doubling of the power of microprocessor technology while the costs of its production decreases by half is called Moore's Law.