Question

Suppose that the video game company, Ultravision, releases a new game called "Call of Obligation: Modern Combat 3." This can be analyzed using tools from both microeconomics and macroeconomics. Classify the items according to whether they are an application in microeconomics or macroeconomics Microeconomics Macroeconomics

Answer 1

Microeconomics:-

- How does Ultravision choose to market "Call of Obligation?"
- How much will Ultravision charge for "Call of Obligation?"
- How much will Ultravision pay the developers of the game?
- Is Ultravision able to sell all of the "Call of Obligation" games it produces or do they need to produce more?

Macroeconomics:-
- Have the millions of dollars that people have spent on video games worldwide affected the Gross Domestic Product (GDP) in their respective countries?
- Has the country's unemployment rate changed as Ultravision hired a huge team of workers to develop the game?
- How much less economic output occurs countrywide because workers call in sick to stay home and play either "Call of Obligation" or another video game?