The Marketplace for Computer Hardware

question 46

Multiple Choice

The marketplace for computer hardware:

• A)has become increasingly concentrated in top firms.
• B)has expanded to include a wide variety of start-up and mobile-computing firms.
• C)has moved significantly to Asian firms.
• D)has been decimated by mobile and cloud computing.
• E)has begun moving away from blade servers.

Understand the concept of consumer optimum and how it is determined by the intersection of budget constraints and indifference curves.

Calculate the optimum consumption bundle given a consumer's income and prices of goods.

Analyze the effects of changes in income and prices on consumer behavior and choices.

Describe the concepts of normal and inferior goods and how income changes affect their demand.

---

Definitions:

Purchase

The act of buying goods or services in exchange for money or other agreed-upon compensation.

Business Incubator

An organization that supports early-stage companies through mentorship, resources, and sometimes financial investment.

New Businesses

Enterprises that have been initiated recently, entering the market with new or innovative services or products.

Grow

To increase in size, amount, or intensity over time through natural development or active effort.