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asambeis [7]
3 years ago
11

Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch

. Here is their willingness to pay for each film:
Willingness to Pay (Dollars)

Musashi Sean Bob Eric

First film 10 9 8 3
Second film 8 7 6 2
Third film 6 5 4 1
Fourth film 4 3 2 0
Fifth film 2 1 0 0

Within the dorm room, the showing of a movie ( IS OR IS NOT ) a public good.
If it costs $8 to rent a movie, the roommates should rent__________movies in order to maximize the total surplus.
Suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally.
This means that each roommate will pay $__________.
Business
1 answer:
denis-greek [22]3 years ago
3 0

Answer:

1. Inside the dorm room, the movies are <em>Non-Rival</em> which means that one person can watch the movie and it will not diminish the ability of others to watch as well.

Also as they are all in the same dorm, the showing of the movie is <em>Non-Excludable</em> as well because no one can stop the other from watching.

Public good is both Non-Rival and Non-Excludable so the showing of a movie IS a public good.

2.

Musashi   Sean    Bob   Eric   Total Willingness to pay

10   9   8   3   30

8   7   6   2   23

6   5   4   1   16

4   3   2   0   9

2   1   0   0   3

The optimal number of movies that can be rented is dependent on their total willingness to pay. If their Total willingness to pay for the movie is above $8 which is the cost of a movie, then they will get it. From the table, the fifth movie is below the price of $8 so they <u>should rent 4 movie</u>s.

3. If they rent 4 movies and there are 4 of them then the cost per person is;

= (8 *4)/4 people

= 24/4

= $8

This means that each roommate will pay <u>$8</u>.

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Answer: Zoning Map Amendment?

Explanation:

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7 0
3 years ago
___________is a partnership Is also called the articles of incorporation.
nadya68 [22]

Answer:

c

Explanation:

here is the correct question :

A partnership agreement:

A. Is not binding unless it is in writing.

B. Is the same as a limited liability partnership.

C. Is binding even if it is not in writing.

D. Does not generally address the issue of the rights and duties of the partners.

E. Is also called the articles of incorporation.

A partnership agreement is a contract between partners in a partnership. it contains guidelines on the relationship between the partners and responsibilities of partners. the partnership agreement creates legally binding relationships among the partners

6 0
3 years ago
Whispering Winds Company had the following two transactions related to its delivery truck. 1. Paid $250 for an oil change. 2. Pa
inessss [21]

Answer:

Journal Entries

Account                                                    Dr.        Cr.

1.

Repair and maintenance Expense       $250

Cash                                                                    $250

2.

Delivery truck                                         $800  

Cash                                                       $800

Explanation:

Property, plant and equipment are reported in the Fixed asset of the balance sheet. These assets are the depreciated. Fixed assets are initially recorded at cost.

Initially the amount capitalized includes the acquisition cost or purchase price and any direct cost incurred to make asset ready to use.

Any cost incurred to improve the efficiency of the asset will also be capitalised. In this question oil change is a routine maintenance cost  needed to operate the asset. Installation of Special gear unit actually improved the efficiency of the asset as a whole. So, it is capitalised.

8 0
3 years ago
Jamison Mitchell (43) is an unmarried, head of household taxpayer with the following income for the year: Wages $40,215; Bank in
expeople1 [14]

Answer:

Explanation:

Adjusted Gross Income of an individual is the calculation of all an individuals earnings less authorised deductions.

Jamison Mitchell's Adjusted Gross Income is calculated thus:

1. Wages                                                  $40,215

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Ede4ka [16]

Answer:

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It very well may be seen that the square feet region involved by the duty communities is identified with the expense of devaluation of building. It is one of the parts of the idea identified with the structure. As needs be, the square feet involved by the obligation habitats will be the fitting reason for the concerned reason.

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