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c) Suppose that the local surf shop decides to change its pricing structure so that additional days of surf board rental beyond five now cost
c) Suppose that the local surf shop decides to change its pricing structure so that additional days of surf board rental beyond five now cost $35 per day. How many units of Y and S will both Reuben and Robert consume under the new pricing structure? Why? Are Reuben and Robert better off, worse off, or equally well off under the new pricing structure? How do you know
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
ISBN: 978-0132146654, 0132146657, 9780273754091, 978-0273754206
