EBK MICROECONOMICS
5th Edition
ISBN: 9781118883228
Author: David
Publisher: YUZU
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Question
Chapter 1, Problem 1.14P
To determine
(a)
Optimal plan at the least possible cost when instructions are to rent 75 movies.
To determine
(b)
Optimal plan at the least possible cost when instructions are to rent 125 movies.
To determine
(c)
Whether number of videos rented is endogenous or exogenous.
To determine
(d)
Whether choice of plan (A, B, C) is endogenous or exogenous.
To determine
(e)
Whether total expenditures on videos are endogenous or exogenous.
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subject to X1
X2
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≤ 1,000,000
<2,500,000
X3
≤ 1,500,000
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≤ 1,800,000
X3 +
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≥
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X1
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+ X2 X3 +
XA
<
5,000,000
X1, X2, X3, X4 ≥
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Chapter 1 Solutions
EBK MICROECONOMICS
Ch. 1 - Prob. 1RECh. 1 - Prob. 2RECh. 1 - Prob. 3RECh. 1 - Prob. 4RECh. 1 - Prob. 5RECh. 1 - Prob. 6RECh. 1 - Prob. 7RECh. 1 - Prob. 1.1PCh. 1 - Prob. 1.2PCh. 1 - Prob. 1.3P
Ch. 1 - Prob. 1.4PCh. 1 - Prob. 1.5PCh. 1 - Prob. 1.6PCh. 1 - Prob. 1.7PCh. 1 - Prob. 1.8PCh. 1 - Prob. 1.9PCh. 1 - Prob. 1.10PCh. 1 - Prob. 1.11PCh. 1 - Prob. 1.12PCh. 1 - Prob. 1.13PCh. 1 - Prob. 1.14PCh. 1 - Prob. 1.15PCh. 1 - Prob. 1.16PCh. 1 - Prob. 1.17PCh. 1 - Prob. 1.18PCh. 1 - Prob. 1.19PCh. 1 - Prob. 1.20PCh. 1 - Prob. 1.21P
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