Scott loves to go to baseball​ games, especially home games of the Cincinnatti Reds. All else​ equal, he likes to sit close to the field. He also likes to get to the stadium early to watch batting practice. The closer he parks to the stadium the more batting practice he is able to watch​ (the garages all open​ simultaneously).   Find​ Scott's optimal seat type and parking garage using the information that follows. ​Location/Seat Price ​Scott's Value of View Diamond Seats ​$233 ​$140 Club Home 93 135 Club Seating 83 130 Scout Box 77 125 Scout 67 105     Parking Location   Parking Fee   Arrival Time Missed Batting Practice Benefit of Arrival Time Westin parking garage ​$6 ​6:20 PM 60 min ​$0 Fountain Square South Garage 11 ​5:50 PM 50 min 10 West river parking 18 ​5:25 PM 25 min 35 East river parking 25 ​5:10 PM 10 min 50 Under stadium parking 35 ​5:00 PM 0 min 65 ​Scott's optimal seat type is ▼   Diamond Seats Scout Club Home Club Seating Scout Box . ​Scott's optimal parking is ▼   West river parking Fountain Square South Garage Westin parking garage Under stadium parking East river parking

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Scott loves to go to baseball​ games, especially home games of the Cincinnatti Reds. All else​ equal, he likes to sit close to the field. He also likes to get to the stadium early to watch batting practice. The closer he parks to the stadium the more batting practice he is able to watch​ (the garages all open​ simultaneously).
 
Find​ Scott's optimal seat type and parking garage using the information that follows.
​Location/Seat
Price
​Scott's Value of View
Diamond Seats
​$233
​$140
Club Home
93
135
Club Seating
83
130
Scout Box
77
125
Scout
67
105

 

 
Parking
Location
 
Parking
Fee
 
Arrival
Time
Missed Batting
Practice
Benefit of
Arrival
Time
Westin parking garage
​$6
​6:20 PM
60 min
​$0
Fountain Square South Garage
11
​5:50 PM
50 min
10
West river parking
18
​5:25 PM
25 min
35
East river parking
25
​5:10 PM
10 min
50
Under stadium parking
35
​5:00 PM
0 min
65
​Scott's optimal seat type is
 
Diamond Seats
Scout
Club Home
Club Seating
Scout Box
.
​Scott's optimal parking is
 
West river parking
Fountain Square South Garage
Westin parking garage
Under stadium parking
East river parking
.
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