Ask Question, Ask an Expert


Ask Macroeconomics Expert


The World of the Videos operates the retail store which rents movie videos. For each of the last 10 years, World of Videos has constantly earned profits exceeding the $30,000 per year. The store is situated on prime real estate in the college town. World of Videos pays $2,400 per month in rent for its building, however it employs only 50 percent of square footage rented for video rental purposes. The other portion of rented space is fundamentally vacant. Noticing that World of Videos only occupies a portion of building, a real estate agent told the owner of the World of Videos that she could add $1,500 per month to her firm’s profits by renting out unused portion of store. While the prospect of adding the additional $1,500 to World of Video’s bottom line was enticing, the owner was as well contemplating using the added space to rent video games. What is the opportunity cost of using the unemployed portion of building for video game rentals?

Additional Requirements:

Level of Detail: Only answer needed

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M914029

Have any Question? 

Related Questions in Macroeconomics

Research on relationship between tcpip and internet based

Research on relationship between TCP/IP and Internet. Based on your findings, write a 3-4 page report and submit it to CourseNet. SLP assignment expectations Use information from the modular background readings as well a ...

Assignmentthe following are some data on the us economy

Assignment The following are some data on the U.S. economy taken from the Economic Report of the President (Links to an external site.) (you may have to use the Search tool and type in for example "Economic Report of the ...

1 miles-per-gallon a cars miles-per-gallon mpg can be

1. Miles-per-Gallon A car's miles-per-gallon (MPG) can be calculated with the following formula: MPG = Miles driven / Gallons of gas used Design a program that asks the user for the number of miles driven and the gallons ...

Questionnbspshell programmingyou have created the directory

Question:  Shell Programming You have created the directory structure and some base files to be used by the Web server and Web site. For the Web site to be created in a production environment, you need to package your co ...

Consider a sequence of 1s and -1s with the property that

Consider a sequence of +1's and -1's with the property that the sum of any prefix of the sequence is never negative. For example, the sequence +1, -1, +1, -1 satisfies this property, bu +1, -1, -1, +1 does not, since the ...

Gven the following functions c 1 000 04y g 400 and i

Given the following functions: C = 1 000 + 0,4Y, G = 400 and I = 100, suppose there is a change ir government expenditure from R400 to R500 but the proportional income tax rate remains 40%. Whal will the equilibrium leve ...

Assume for the purpose of this assignment that we do not

Assume for the purpose of this assignment that we do not currently have a Social Security Act, but that the creation of such legislation is being seriously considered by the federal government for the first time and that ...

Assignment public leadership presentationcreate a ten to

Assignment: Public Leadership Presentation Create a ten to twelve slide presentation in which you: 1. Create a title slide and references section (as indicated in the format requirements below). 2. Narrate each slide, us ...

Define the economic concepts of opportunity cost supply and

Define the economic concepts of opportunity cost, supply and demand, and marginal analysis. Discuss how they could be applied to the decision making of individuals, health care providers, or the government.

Applicationgantt chartsif you consider your path as a

Application Gantt Charts If you consider your path as a student from the first day of class to now, you may observe that you are also working on a lifelong project. In this Application you will reflect on your college-le ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate