Scott loves to go to baseball games, especially home games of the Cincinnati Reds. All else equal, he likes to sit close to the field. He also like to get to the stadium early to watch batting practice. The close to the stadium he parks, the more batting practice he's able to watch (the garages all open simultaneously). Parking Location Westin Parking garage Fountain Square South Garage West River Parking East River Parking Under Stadium Parking Parking fee (game night) $5 $10 $17 $25 $45 Missed batting practice Westin Parking garage O Fountain Square South Garage O West River Parking East River Parking ○ Under Stadium Parking 60 min 50 min 25 min 10 min 0 min. Benefit of arrival time $0 $10 $35 $25 $60 Using the information in the Table above, Scott's optimal parking garage is should park). (hint: use marginal analysis to determine where Scott

Scott loves to go to baseball games, especially home games of the Cincinnati Reds. All else equal, he likes to sit close to the field. He also like to get to the stadium early to watch batting practice. The close to the stadium he parks, the more batting practice he's able to watch (the garages all open simultaneously). Parking Location Westin Parking garage Fountain Square South Garage West River Parking East River Parking Under Stadium Parking Parking fee (game night) $5 $10 $17 $25 $45 Missed batting practice Westin Parking garage O Fountain Square South Garage O West River Parking East River Parking ○ Under Stadium Parking 60 min 50 min 25 min 10 min 0 min. Benefit of arrival time $0 $10 $35 $25 $60 Using the information in the Table above, Scott's optimal parking garage is should park). (hint: use marginal analysis to determine where Scott

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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