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(Solved): I have done this exercise many times, and I keep missing it. Please help!  Complete the follow ...



I have done this exercise many times, and I keep missing it. Please help! Complete the following table with each roommates total willingness to pay for this many movies and the surplus each person oFour roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to wa

Complete the following table with each roommate's total willingness to pay for this many movies and the surplus each person obtains from watching the movies. In order to split the cost in a way that ensures that everyone benefits, the cost could be divided up based on the benefits each roommate receives. The practical problem with this solution is that each roommate has an incentive to the the of the Suppose they agree in advance to choose the efficient number and to split the cost of the movies equally. True or False: When Jake is asked his willingness to pay, he will have an incentive to tell the truth. True False This examples teaches you that the optimal provision of a public good will occur if individuals an incentive to hide their valuation of the good. Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: Within the dorm room, the showing of a movie a public good. If it costs \( \$ 12 \) to rent a movie, the roommates should rent movies in order to maximize the total surplus. Suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally. This means that each roommate will pay


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Total willingness to pay Jake=10+8+6+4+2=
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