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Author Question: Tabitha shares a flea market booth with her sister. Her share of the rent is $150 per month. She is ... (Read 238 times)

clippers!

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on: Mar 15, 2019

Tabitha shares a flea market booth with her sister. Her share of the rent is $150 per month. She is considering moving to her own, larger booth which she will not have to share with anyone. The larger booth rents for $450 per month. Recently, you ran into Tabitha in the grocery store and she tells you that she has rented the larger booth. Tabitha is as rational as any other person. As an economics major, you rightly conclude that


◦ Tabitha did not have a choice; her sister was overcharging her.
◦ Tabitha figures that the additional benefit of having her own booth (as opposed to sharing) is at least $300.
◦ Tabitha figures that the additional benefit of having her own booth (as opposed to sharing) is at least $450.
◦ the cost of having one's own booth outweighs the benefits.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by clippers! on Mar 15, 2019

bitingbit

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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clippers!

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Reply #2 on: Mar 15, 2019
Thanks


bitingbit

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Reply #3 on: Mar 15, 2019
Welcome :)


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