What tuition would UCSB have charged in order to get the most revenue from the students now in this class? 1.$45,000 2.$35,000 3.$22,500 4.$17,500 5.$10,000.

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Presentation transcript:

What tuition would UCSB have charged in order to get the most revenue from the students now in this class? 1.$45,000 2.$35,000 3.$22,500 4.$17,500 5.$10,000 6.$8,000

A commuting game. You have two ways to commute from home to work. –The short way by narrow road –The long way by freeway Commute time by freeway is always 30 minutes. Commute time by narrow road depends on how many others take narrow road.

Your choice If N people go short way, it takes 15+N/10 minutes to make the trip. Freeway always takes 30 minutes You hate commuting and want to minimize travel time. Choose your route using Clickers. We’ll do this repeatedly, simulating commuter days.

Your score for the day. You will get more points, the less your total time spent commuting. You must choose one way or the other. If you don’t click either option, you will be assessed 1 hours commuting time for that day.

This time I will travel by the 1.Short way 2.Freeway

Lets move on to our lecture…