Per application volume?

[xxmuhahahahahxx]

I know it's been asked before, but i searched the forums and i haven't found anything. I want to be able to control volumes on multiple different applications.

My situation:
I'm playing Ocarina of Time on an emulator (calm yourselves, i own the actual game) and i want to be able to talk to my friend while video chatting (and actually be able to hear him). The emulator is annoyingly loud, and i cant change the volume on it. is there a way i can lower the volume on the emulator so i can hear my friend?

*edit
I have audio hijack for recording, but im not completly sure of how it works with changing volumes on separate applications.

 

[broseph22]

when using audio hijack, you just have to add the emulator application to the list of applications on the left side by clicking on the plus symbol on the bottom left. change the source to the emulator you are using. click on the mute and hijack buttons (in that order) located at the top. the emulator should restart, and once it does, it will be muted.