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suppose jill johnson operates her own pizza restaurant in a building she owns in the center of the city. similar, a building she owns in the center of the city. smaller buildings in the neighborhood rent for $4000 per month. jill is considering selling her building and renting space in the suburbs for $3000 per month. jill decdes not to make the move. she reasons " i would like to have a restaurant in the suburbsbut i pay no rent for my restaurant now and i dont want to see my costs rise by $3000 oer month" what do you think of jill's reasoning?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M961306

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