5. Miss Andreas Dance Studio is considering offering an additional ballet class for adult students 21 years

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5. Miss Andrea’s Dance Studio is considering offering an additional ballet class for adult students 21 years of age or older. The market rate is $10 per student per class. Miss Andrea can teach the class herself or pay another teacher $20 per class. She doesn’t think her utility or insurance costs will change as a result of offering this class. No other costs matter. If she doesn’t offer the ballet class, Miss Andrea can rent her studio space to a ballroom dancing instructor who will pay her $30 per hour for using the space.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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