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Business, 30.07.2021 03:00 ben3898

Five roommates are planning to spend the weekend in their dorm room watching movies, and they are debating how many movies to watch. Here is their willingness to pay: Willingness to Pay (Dollars) Tim Brian Edison Kevin Rajiv First film 18 15 10 8 5 Second film 16 12 8 5 1 Third film 14 9 6 0 0 Fourth film 12 6 3 0 0 Fifth film 10 3 0 0 0 Buying a DVD costs $20, which the roommates split equally, so each pays $4 per movie. The efficient number of movies to watch (that is, the number that maximizes total surplus) is Complete the following table by indicating the preferred number of movies from the standpoint of each roommate. Roommate 0 1 2 4 5 Nick Tim Brian Edison Kevin movies The median roommate prefers Suppose the roommates held a vote on the efficient outcome versus the median voter's preference. Complete the following table by indicating how each person would vote in this case. Efficient Outcome Median Voter Outcome Roommate Nick Tim Brian Edison Kevin Suppose the roommates held a vote on the efficient outcome versus the median voter's preference. Complete the following table by indicating how each person would vote in this case. Efficient Outcome Median Voter Outcome Roommate Nick Tim Brian Edison Kevin The winning outcome according to majority rule is the If one of the roommates proposed a different number of movies, his proposal could beat the winner from the previous vote. A. True
B. False
Majority rule be counted on to reach efficient outcomes in the provision of public goods Majority rule

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Five roommates are planning to spend the weekend in their dorm room watching movies, and they are de...
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