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Comparing the total cost of watching a movie at the multiplex and a movie on DVD.

Suppose your friend likes movies. She watches some movies on DVD, which she likes, but she prefers to see movies at the multiplex; in fact, she likes seeing movies at the multiplex twice as much as she likes watching movies on DVD. The total cost of acquiring and watching a DVD for your friend is $25. The total cost of going to the multiplex to see the movie is $40.

Ilustrate what might be included in the "total cost" of acquiring also watching a movie on DVD? Elucidate what about the "total cost" of seeing a movie at the multiplex?

Do you have any advice for your friend regarding her consumption of movies?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917772

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