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Chapter 1 4. In order to spend a winter in Victoria, B.C., Paul Dafoe rents out his Montreal condo, as well as his car, to

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Chapter 1 4. In order to spend a winter in Victoria, B.C., Paul Dafoe rents out his Montreal condo, as well as his car, to a married couple attending university. Paul estimates that the total cost associated with his deci- sion to winter in Victoria for the eight-month period is $15 000. He calculates this total cost by adding the following costs: round trip airfare; eight months' rental fees for a Victoria condo; estimated total gro- cery, personal care, and entertainment expenses while staying in Victoria; and total rental car expenses incurred in Victoria. Is $15 000 the correct marginal cost associated with Paul's decision to winter in Victoria? Explain

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