Question
In: Economics
One of the largest changes in the economy over the past several decades is that technological...
One of the largest changes in the economy over the past several decades is that
technological advances have reduced the cost of making computers.
5a) Draw a supply-and-demand diagram to show what happened to price, quantity,
consumer surplus, and producer surplus in the market for computers.
5b) Forty years ago, students used typewriters to prepare papers for their classes; today
they use computers. Does that make computers and typewriters complements or
substitutes? Use a supply-and-demand diagram to show what happened to price,
quantity, consumer surplus, and producer surplus in the market for typewriters.
Should typewriter producers have been happy or sad about the technological advance
in computers?
5c) Are computers and software complements or substitutes? Draw a supply-and-demand
diagram to show what happened to price, quantity, consumer surplus, and producer
surplus in the market for software. Should software producers have been happy or sad
about the technological advance in computers?
5d) Does this analysis help explain why software producer Bill Gates is one of the
world’s richest people?
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
One of the largest changes in the economy over the past several decades is that technological...
One of the largest changes in the economy over the past several
decades is that technological advances have reduced the cost of
making computers.
Draw a supply-and-demand diagram to show what happen to price
and quantity in the market for computers.
Forty years ago, students used typewriters to prepare papers
for their classes; today they used computers. Does that make
computers and typewriters complements or substitutes? Use a
supply-and-demand diagram to show what happen to price and quantity
in the...
on the labor market and inflation, we saw that over the past several decades the labor...
on the labor market and inflation, we saw that over the past
several decades the labor force participation rate of men has been
dropping while the labor force participation rate of women has been
rising. What are some possible causes of this. I encourage you to
look for information outside of your book. If you find an article
that you find particularly compelling, please post it and discuss
what you agree or disagree with and why.
Examine divorce trends in the United States over the past several decades and discuss ways they...
Examine divorce trends in the United States over the past several
decades and discuss ways they shape family life. Also, explain
factors contributing to the divorce rate in the U.S. Compare and
contrast at least two U.S. subgroups in your answer.
Discuss the returns for the various asset classes over the past several decades Define the coefficient...
Discuss the returns for the various asset classes over the past
several decades
Define the coefficient of variation
Define the sharp ration
How is the expected return for a portfolio calculated?
Define covariance
Question 1 The capabilities of computer systems have advanced rapidly over the past several decades. In...
Question 1
The capabilities of computer systems have advanced rapidly over
the past several decades. In many organizations, the entire data
has been computerised and all the information is available only in
digital media. In this changed scenario, auditors have to adapt
their methodology to changed circumstances. The approach of
auditors to evaluate internal controls has changed accordingly. The
continual development is changing the way organization works. Many
companies have introduced Information Technology (IT) audit
function because it is considered...
Several technological trends are occurring in the new economy. Which of the following is not one...
Several technological trends are occurring in the new economy.
Which of the following is not one of these trends?
a. The internet, World Wide Web, computers and information
technology have transformed and continue to transform the modern
workplace
b. Computer competency must be mastered and continuously
developed as a foundation for career success
c. The rate of technological change will continue to
accelerate
d. Low-skill worker who are displaced from declining
industries will not need to re-tool their skills to...
Research Scenario With increases in obesity rates over the past several decades, health care providers have...
Research Scenario
With increases in obesity rates over the past several decades,
health care providers have become concerned about the effects of
obesity on health. As a health psychologist, you are interested in
people’s perceptions and responses to food as this might influence
obesity. You are curious if people that are impulsive or have
difficult with impulse control are more likely to be obese and if
they perceive sweet, high calorie foods as being more desirable
than the general population....
With increases in obesity rates over the past several decades, health care providers have become concerned...
With increases in obesity rates over the past several decades,
health care providers have become concerned about the effects of
obesity on health. As a health psychologist, you are interested in
people’s perceptions and responses to food as this might influence
obesity. You are curious if people that are impulsive or have
difficult with impulse control are more likely to be obese and if
they perceive sweet, high calorie foods as being more desirable
than the general population. Given this,...
With increases in obesity rates over the past several decades, health care providers have become concerned...
With increases in obesity rates over the past several decades,
health care providers have become concerned about the effects of
obesity on health. As a health psychologist, you are interested in
people’s perceptions and responses to food as this might influence
obesity. You are curious if people that are impulsive or have
difficult with impulse control are more likely to be obese and if
they perceive sweet, high calorie foods as being more desirable
than the general population. Given this,...
With increases in obesity rates over the past several decades, health care providers have become concerned...
With increases in obesity rates over the past several decades,
health care providers have become concerned about the effects of
obesity on health. As a health psychologist, you are interested in
people’s perceptions and responses to food as this might influence
obesity. You are curious if people that are impulsive or have
difficult with impulse control are more likely to be obese and if
they perceive sweet, high calorie foods as being more desirable
than the general population. Given this,...
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