6. Scott loves to go to baseball games, especially home games of the Cincinnati Reds. All else...

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6. Scott loves to go to baseball games, especially home games of the Cincinnati Reds. All else being 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 location and parking garage location using the information that follows. Seat Location Price Value of View Diamond Seating $235 $200 Club Home $95 $130 Club Seating $85 $125 Scout Box $79 $120 Scout $69 $100 Parking Location Parking Fee (game night) Missed Batting Practice Benefit of Arrival Time Westin Parking Garage $5 60 min $0 Fountain Square South Garage $10 50 min $10 West River Parking $17 25 min $35 East River Parking $25 10 min $50 Under Stadium Parking $45 0 min $60

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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