Question: can you please explain the answer for the different parts of this question? please! 5 Marks 9. Four roommates are looking at renting some movies.

can you please explain the answer for the different parts of this question? please!

5 Marks 9. Four roommates are looking at renting some movies. Their willingness to pay for each game is listed below. Tim # of movies 1 2 3 4 5 Judd 7 6 5 4 3 Joel 5 4 3 2 1 Gus 3 2 1 0 0 ODON ODE a) What type of good is the movie game in a dorm room? b) If it costs $8 to rent a movie, how many should they rent to maximize surplus? c) If they split the cost evenly who gains the most? d) If they split the cost evenly who loses the most

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