What is the average amount to pay per video movie

Reference no: EM13239465

The only video rental club available to you charges $4 per movie per day. If your demand curve for movie rentals is given by P=20-2Q, where P is the rental price ($/day) and Q is the quantity demanded (movies per year), what is the maximum annual membership fee you would be willing to pay to join this club? What is the average amount you pay per video movie, counting membership and rental costs?

Reference no: EM13239465

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