Your dormitory roommate plays loud music most of the time; you, however, would prefer more peace and

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Your dormitory roommate plays loud music most of the time; you, however, would prefer more peace and quiet. You suggest that she buy some headphones. She responds that although she would be happy to use headphones, she has many other things that she would prefer to spend her money on right now. You discuss this situation with a friend who is an economics major. The following exchange takes place: Friend: How much would it cost to buy headphones?

You: $15. Friend: How much do you value having some peace and quiet for the rest of the semester?

You: $30. Friend: It is efficient for you to buy the headphones and give them to your roommate. You gain more than you lose; the benefit exceeds the cost. You should do that.

You: It just isn’t fair that I have to pay for the headphones when I’m not the one making the noise.

a. Which parts of this conversation contain positive statements and which parts contain normative statements?

b. Construct an argument supporting your viewpoint that your roommate should be the one to change her behavior. Similarly, construct an argument from the viewpoint of your roommate that you should be the one to buy the headphones. If your dormitory has a policy that gives residents the unlimited right to play music, whose argument is likely to win? If your dormitory has a rule that a person must stop playing music whenever a roommate complains, whose argument is likely to win?

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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