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5. Majority-rule benefit-cost analysis Taylor, Hope, Zachary, and Emma are college roommates. They're trying to decide where the four of them should go for spring

5. Majority-rule benefit-cost analysis

Taylor, Hope, Zachary, and Emma are college roommates. They're trying to decide where the four of them should go for spring break: Las Vegas or Vail. If they order the tickets by 11:00 PM on February 1, the cost will be just $500 per person. If they miss that deadline, the cost rises to $1,200 per person.

The following table shows the benefit (in dollar terms) that each roommate would get from the two trips

The roommates tend to put off making decisions. So, when February 1 rolls around and they still haven't made a decision, they schedule a vote for 10:00 PM that night. In case of a tie, they will flip a coin between the two vacation destinations.

The roommates will get the most total benefit if they choose to go to

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