Introduction The main focus of this assignment is to understand microeconomics and theories related to microeconomics. I have also included a report on Google glass which is a failed business product and this report will give a clear idea about why the product failed and things they could have done to make the product better. In this assignment I have also examined different types of market systems with examples. Microeconomics Microeconomics deals with the study of the behavior, the choices…
It was there that Wozniak came up with the idea for the modern personal computer - keyboard, screen and computer all in one package. While Wozniak initially wanted to give away his design for free, Jobs found a way to profit from Wozniak’s incredible invention. “Every time I’d design something great, Steve would find a way to make money for us,” said Wozniak. With $1300 of start-up capital, Wozniak and Jobs decided to start Apple Computer. Jobs happened to be coming back from an apple…