Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 3, Problem 6P
To determine

The most feasible and best position for seat and parking for Scott.

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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…
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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  $231 $128 Club Home  91 123 Club seating  81 118 Scout Box  75 115 Scout  65 95 Parking Location Parking Fee  Arrival Time  Missed Batting Practice  Benefit of Arrival Time  Westin parking garage  $6 6:20 PM  60 Min  $0 Fountain Sqaure 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.... ​Scott's optimal parking is....
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