Question
1.-Jerome's (weakly) demand for movies is given by his demand function, D(p)=10-2p, where p is the price of a movie ticket (and given his income
1.-Jerome's (weakly) demand for movies is given by his demand function, D(p)=10-2p, where p
is the price of a movie ticket (and given his income and the rest of prices). He has already
decided to watch two movies, and is considering whether to watch a third one. How much is
Jerome willing to pay for that additional ticket?
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
