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Think about the demand for the three popular game consoles: XBox, PS3, and Wii. What is the effect on the demand for XBox games and the quantity of XBox games demanded if, other things remaining the same:
a. The price of an XBox falls?
b. The prices of a PS3 and a Wii fall?
c. The number of people writing and producing XBox games increases?
d. Consumers' incomes increase?
e. Programmers who write code for XBox games become more costly to hire?
f. The price of an XBox game is expected to fall?
g. A new game console comes onto the market, which is a close substitute for XBox.
Marginal Product Theory a. What is the MC of output in the short-run? b. What is the MC of labor (employed)? c. What is the short-run profit-maximizing decision
using the basic Keynesian model answewr the following parts carefully using the relevant diagrams. what happens to the equilibrium level of GDP(Y) given the following: a) a reducti
Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not p
Q. Explain about Demand - Constrained? Demand-Constrained: An economy is demand-constrained when level of output and employment is limited by the amount of overall demand (or s
what is production possibility curve?
what do you understand by production posibility curve?
Air is one of the important constituent in the environment that is prone to pollution. Pollution of air refers to that part of atmosphere which is very nearest to the earth’s surf
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