The Value of a Price-Distorting Subsidy for a Three-Bedroom Apartment

question 34

Multiple Choice

The value of a price-distorting subsidy for a three-bedroom apartment is $100 per month.This means that the person choosing to live in an apartment of that size would have to pay an extra $100 per month at the market rent.Then it follows that:

• A)that person would be worse off if she received a cash subsidy of $100 per month.
• B)that person would be better off if she received a cash subsidy of $100 per month.
• C)that person would be just as well off if she received a cash subsidy of less than $100 per month.
• D)Both (b) and (c) are correct.

Appreciate the role of notable figures in the development of film technology and the studio system.

Understand the impact of the studio system on Hollywood's organization and talent management.

Recognize the evolution and resolution of the exclusive contract system within the Hollywood studio system.

Identify the technological, economic, and artistic challenges in early color and sound film production.