4. Four roommates are planning to spend the weekend in their dorm suite watching old olent atsomosmovies, and they are debating how many to watch. The table below contains theirwillingness to pay for each film.1st film2nd film3rd film4th film5th filmJohn$7$6$5$4$3Paul$5$4$3$2$1an rud basVedda nowoc2102 guldenet 150 yebesnbew shoGeorge$3$2$1$0$0(nast il qalihe: 0 sx sigRingo og$2$1$0$0$0Taboog dikdug dan one dorld amasi obivond themsvog srl: asobydw20607 1610A (b2)99712 vdio (9it sins 0.6d. Is there any way to split the cost so that everyone benefits? What problems arise with this plan?

Willingness to Pay is defined as the maximum amount or price a consumer is willing to pay for the…

- Four roommates are planning to spend the weekend in their dorm suite watching old ont movies, and they are debating how many to watch. The table below contains their willingness to pay for each film.

- Four roommates are planning to spend the weekend in their dorm suite watching old ont movies, and they are debating how many to watch. The table below contains their willingness to pay for each film.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 9RQ: In what ways (it) company investments in research and development create positive externalities?

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Question

4. Four roommates are planning to spend the weekend in their dorm suite watching old olent atsomos
movies, and they are debating how many to watch. The table below contains their
willingness to pay for each film.
1st film
2nd film
3rd film
4th film
5th film
John
$7
$6
$5
$4
$3
Paul
$5
$4
$3
$2
$1
an rud bas
Vedda nowoc
2102 gulden
et 150 yebesnbew sho
George
$3
$2
$1
$0
$0
(nast il qalihe: 0 sx sig
Ringo og
$2
$1
$0
$0
$0
Taboog dikdug dan one dorld amasi obivond themsvog srl: asobydw
20607 1610A (b
2)99712 vdio (9
it sins 0.6
d. Is there any way to split the cost so that everyone benefits? What problems arise with this plan?

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