You just spent $40 on a new movie for your collection. You would have preferred the director's cut but discovered when you got home that you bought the theatrical version. The store you bought the movie from has an “all sales final" policy, but you could resell the movie online for $25. The director's cut sells for $50. Instructions: Round your answer to the nearest whole number. By how much would you need to value the director's cut over the theatrical version for it to make sense for you to sell the version you bought and buy the director's cut? $ 30 .

You just spent $40 on a new movie for your collection. You would have preferred the director's cut but discovered when you got home that you bought the theatrical version. The store you bought the movie from has an “all sales final" policy, but you could resell the movie online for $25. The director's cut sells for $50. Instructions: Round your answer to the nearest whole number. By how much would you need to value the director's cut over the theatrical version for it to make sense for you to sell the version you bought and buy the director's cut? $ 30 .

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

You just spent $40 on a new movie for your collection. You would have preferred the director's cut but discovered when
you got home that you bought the theatrical version. The store you bought the movie from has an “all sales final" policy, but
you could resell the movie online for $25. The director's cut sells for $50.
Instructions: Round your answer to the nearest whole number.
By how much would you need to value the director's cut over the theatrical version for it to make sense for you to sell the
version you bought and buy the director's cut? $ 30 X

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