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Scenario: Aysha wants to rent an apartment. The following table shows the monthly rent of five ...

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Scenario: Aysha wants to rent an apartment. The following table shows the monthly rent of five ...

Scenario: Aysha wants to rent an apartment. The following table shows the monthly rent of five apartments as well as the number of hours per month it takes to commute to work from each apartment. Aysha works as a restaurant where she can make $20 per hour.

Apartment	Commuting Time (hours per month)	Rent ($ per month)
1	30	1,250
2	20	1,400
3	15	1,600
4	10	1,750
5	5	2,000

Refer to the scenario above. If Aysha gets a promotion that raises her pay to $40 per hour, which apartment should she rent?

▸ 2

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▸ 5

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 79 times

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