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Business, 24.12.2019 23:31 12375819

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

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Answers: 3

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

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