Question: suppose apartments are in four locations location a location b...
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 $165 less per month than apartments in Location A, apartments in Location C rent for $165 less than in Location B, and apartments in Location D rent for $165 less than in Location C. Suppose the value of your time is $18 per hour and you work 21 days per month, with each day requiring a round-trip commute from your apartment to work.
You should rent an apartment in: Location A, B, C, or D?
Suppose you currently rent an apartment in Location C
By moving to optimize, you change your net benefit by $(?)