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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.

1. What might be included in the "total cost" of acquiring and watching a movie on DVD? What about the "total cost" of seeing a movie at the multiplex?

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

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9162764

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