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The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $30,000 per year. The store is located on prime real estate in a college town. World of Videos pays $2,400 per month in rent for its building, but it uses only 50 percent of the square footage rented for video rental purposes. The other portion of rented space is essentially vacant. Noticing that World of Videos only occupies a portion of the building, a real estate agent told the owner of World of Videos that she could add $1,500 per month to her firm’s profits by renting out the unused portion of the store. While the prospect of adding an additional $1,500 to World of Videos’ bottom line was enticing, the owner was also contemplating using the additional space to rent video games. What is the opportunity cost of using the unused portion of the building for video game rentals?
Describe in your own words the categories of Web-enabled customer service as discussed in the assigned readings of the text. What makes the most sense for a business like yours (if you are currently employed)?
suppose that an individual is willing to substitute pepperoni for anchovies at a constant rate on a pizza,what type of goods are inbolved? construct an indifference map that is consistent with preferences for these goods and show the relvant pr..
Following issues will be addresses: strength of dollar on domestic and global economies, profits from tariffs or quotas and losses from tariffs or quotas.
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
q1. explain how one of the components of the gdp would help you to predict the amount of inventory to keep in stock if
q1. at daves current consumption bundle involving positive units in both hot dogs and sodas his marginal utility for
A machine tool , which has been used in a plant for 10 years, is being considered for replacement. It cost $10,000 and was depreciated by MACRS depreciation using a 5-year recovery period. An equipment dealer indicates that the machine has no resale ..
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
Forestry products account for nearly 3 percent (%) of Canada's GDP also 14.1 percent of its exports.
These graphs describe the competitive dynamic model. Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxe..
We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.
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