Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Required:

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

Consider vosburg v putney an 1891 wisconsin case putney

Consider Vosburg v. Putney, an 1891 Wisconsin case. Putney, age 11, kicked Vosburg, age 14, in the leg during school. The kick was not very hard - the jury found that "defendant, in touching the plaintiff with his foot, ...

Appraise this statement in equilibrium a monopsonistic

Appraise this statement: In equilibrium, a monopsonistic hospital will hire fewer nurses at lower wages than would a hospital in a more competitive market, to the detriment of social welfare.

1 assume that market demand is qd 1500-2p a if marginal

1) Assume that market demand is Qd= 1500-2P A. If marginal cost equals $250 per unit and there are no other costs, what is the profit maximizing output and price for a single-price monopolist? 2)  Assume a monopolist fac ...

Your switched network has two catalyst 3560 switches with

Your switched network has two Catalyst 3560 switches with redundant connections. You are configuring the switches to increase available traffic bandwidth between them by actively negotiating an EtherChannel using PAgP ch ...

Assignementnow imagine your team is the reelection campaign

Assignement Now, imagine your team is the reelection campaign committee for Pat Shoo-In, who is your local representative in the U.S. House of Representatives. Your team needs to prepare Pat for an upcoming debate by cre ...

All of the major empirical implications of the malthusian

"All of the major empirical implications of the Malthusian model hold true for the world 5,000 BCE to 500 CE" Critically discuss. The question should be answered at least 300 words in essay format, it is about the econom ...

For this assignment student are to choose a chapter from

For this assignment student are to choose a chapter from the textbook and interpret, and explain the main concept introduced in the chapter. The course paper must include some current event to support the theory introduc ...

1 suppose you are hired to manage a small manufacturing

1. Suppose you are hired to manage a small manufacturing facility that produces Widgets. (Part A) You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market ...

Why are most environmental resources un-priced or

Why are most environmental resources un-priced (or under-priced) and what are the consequences of this? Under what circumstances is it desirable to monetize priceless environmental amenities? Briefly describe three metho ...

Assignmentthis is macroecomics classthe organizations

Assignment This is Macroecomics class. The organization's strategic plan you wrote about in calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over th ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen