Business
Business, 05.12.2019 01:31, pandamarz

Three roommateslong dashtinker, evers, and chancelong dashshare an apartment. it is really cold outside and they are considering turning up the thermostat in the apartment by 1, 2, 3, or 4 degrees. their individual marginal benefits from making it warmer in the apartment are as follows:

- tinker evers chance

1 degree $20 $16 $12

2 degrees $16 $12 $8

3 degrees $12 $8 $4

4 degrees $8 $4 $0

they know that each time they raise the temperature in the apartment by 1 degree, their heating bill goes up by $32.

to maximize social benefit, they should raise the temperature by

answer
Answers: 3

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Three roommateslong dashtinker, evers, and chancelong dashshare an apartment. it is really cold outs...

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