Three roommates, Alan, Billy and Casey, are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Table below indicates their willingness to pay for each movie:   1st movie   2nd movie   3rd movie   4th movie   5th movie   Alan   $20     $10     $0   $0     $0     Billy   $30     $20   $10   $0   $0   Casey   $50    $40    $30   $20   $10   Explain why some people believe that the showing of a movie within the dorm room is a public good.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
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Three roommates, Alan, Billy and Casey, are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Table below indicates their willingness to pay for each movie:

 

1st movie

 

2nd movie

 

3rd movie

 

4th movie

 

5th movie

 

Alan

 

$20  

 

$10  

 

$0

 

$0

 

 

$0

 

 

Billy

 

$30  

 

$20

 

$10

 

$0

 

$0

 

Casey

 

$50

 

 $40

 

 $30

 

$20

 

$10

 

Explain why some people believe that the showing of a movie within the dorm room is a public good.

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