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If John's Leather Company decide to supply specifically shaped leathers to Uptown Fashion Inc., it will...

If John's Leather Company decide to supply specifically shaped leathers to Uptown Fashion Inc., it will be paid $50 per square feet. Other handbag makers prefer leathers that are not specifically shaped, but will accept specifically shaped ones if they are below market price for leathers (so that they could use the savings to remake the leathers). The best offer from these other customers for specifically shaped leathers will be $10 per square feet, which is about $10 below market price for leathers in general.

How much is the quasi rent (per square feet)? ________________

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Answer #1

= market price for leathers :10 + 10 =$20

And John's Leather Company decide to supply for  $50

quasi rent (per square feet) =  $50 -$20 = $30

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