Rise in incomes will affect the demand for computers

Assignment Help Microeconomics
Reference no: EM1392600

Explain how each of the following will affect the demand for computers:

(i) a rise in incomes,

(ii) an expected drop in the price of computers,

(iii) a drop in the price of software,

(iv) computers becoming simpler to operate,

(v) a drop in the price of tablets.

Explain any assumptions that you have to make to give your answer.

Reference no: EM1392600

Questions Cloud

Exchange keys out of band in symmetric encryption : In symmetric encryption, why is it significant to exchange keys "out of band"? Write down the difference between "digital signature" and "digital certificate"?
Variable suited best for the motorcycle market : Markets can be segmented by the following variables: geographic, demographic, social, or behavior. If you were to select a segmentation variable suited best for the motorcycle market, which variable would you select?
Metabolic characteristics to change for individual training : Discuss how might you expect the muscle fiber and metabolic characteristics to change for an individual training to become a track sprinter
How fast will he be moving backward just after releasing : Under favourable circumstances the human eye can detect 1.0e-18 J of electromagnetic energy. How many 600-nm photons does this represent.
Rise in incomes will affect the demand for computers : Explain how a rise in incomes will affect the demand for computers, describe any assumptions that you have to make to give your answer.
Preferred source of fuel during high intensity exercise : Explain why is glycogen the preferred source of fuel during high intensity exercise? If glycogen is so important for moderate to high-intensity exercise.
Explain what is the net force exerted on the skier : A 94.00 water skier floating in a lake is pulled from rest to a speed of 10 in a distance of 24. What is the net force exerted on the skier, assuming his acceleration is constant.
Statement as a multiple regression model : Formulate this statement as a multiple regression model (form only, without parameter estimation).
Revising prior probabilistic information : Most of the time managers will have initial (or prior) knowledge of the probabilities that an event or outcome will result. When new information is obtained, initial probability projections can be revised and improved. What statistical techniques ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine the maximum possible increase in money supply

The Federal Reserve buy $100 million worth of government securities in open market. If the required reserve ratio is .6, determine the maximum possible increase in the money supply?

  University pricing strategy

What market structure best characterizes the market in which universities compete? How does this structure influence the university's pricing strategy?

  Price discrimination to maximize profits

How does knowledge of value elasticity between different groups of consumers or for several products enable managers to price discriminate, change different prices for these groups?

  Calculating profit maximizing output level

What is the total fixed cost for the El Dorado Star? If the total fixed cost increases to $5,000, how many papers should be sold daily for profit maximization?

  Pricing of goods in the real world

Jeans and alligator or animal shirts: The plain pocket jeans and the Lacoste knockoffs often cost 40% less than brand-name items, yet the knockoffs are essentially identical to the brand-name items.

  Ramifications of private money

Assume that a new law stated that any person could print their own money. Determine what kind of changes would come about in daily commercial transactions as a result of such a law?

  Fast food restaurant production function

I believe that fast food restaurants show short run production function because of the one fixed input, capital. But, I need to elaborate more and produce the production function equation Q=F (L,K,M...) Can you please help?

  Computing industry price and quantity supplied

Compute the industry prices necessary to induce short-run quantities supplied by the firm of 5,000, 10,000, 15,000 tons of sweet peas. Assume that MC>AVC at every point along the firm's marginal cost curve and that total costs include a normal pro..

  Determining aftertax cash flows

Cost of capital is 12%. Its expects aftertax cash flows (including the tax shield from depreciation) for the next 5 years are:

  Expected rate of return

What is your expected rate of return over the one-month holding period?

  Tolerance and programs for pollution rights

Suppose if pollution is bad, why is there any tolerance and programs for pollution rights, tax incentives, and subsidies?

  Finding firm profit from its cost graph

The upper graph is for perfectly competitive firm. The lower graph is for the monoploist. Employ the graphs to answer the following questions: What is the firm's Total Revenue?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd