by moving to optimize, you change your net benefit by $_?

Suppose apartments are in four locations: Location A, Location B, Location C, and Location D. Location A is in the city, where your job is. Location B is 10 minutes farther from your job than Location A. Location C is 10 minutes farther from your job than Location B, and Location D is 10 minutes farther than Location C. In turn, similar apartments in Location B rent for

$135

less per month than apartments in Location A, apartments in Location C rent for

$135

less than in Location B, and apartments in Location D rent for

$135

less than in Location C. Suppose the value of your time is

$24

per hour and you work 21 days per month, with each day requiring a round-trip commute from your apartment to work.

Part 2

For simplicity, assume rent and the opportunity cost of your time commuting to work are the only factors influencing the location in which to rent an apartment.

Part 3

You should rent an apartment in

Location A

Location D

Location B

Location C

.

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