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Author Question: Soo Jin shares a one-bedroom apartment with her classmate. Her share of the rent is 700 per month. ... (Read 195 times)

kamilo84

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Soo Jin shares a one-bedroom apartment with her classmate. Her share of the rent is 700 per month. She is considering moving to a studio apartment which she will not have to share with anyone. The studio apartment rents for 950 per month.
 
  Recently, you ran into Soo Jin on campus and she tells you that she has moved into the studio apartment. Soo Jin is as rational as any other person. As an economics student, you rightly conclude that
  A) Soo Jin figures that the additional benefit of having her own place (as opposed to sharing) is at least 250.
  B) Soo Jin did not have a choice; her roommate was a slob.
  C) Soo Jin figures that the additional benefit of having her own place (as opposed to sharing) is at least 950.
  D) the cost of having one's own space outweighs the benefits.

Question 2

What are the arguments in favor of the redistribution of income?
 
  What will be an ideal response?


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diesoon

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kamilo84

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


duy1981999

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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