Chrome File Edit View History Bookmarks Profiles Tab Window Help E Q 8 Tue Mar 1 9:56 AM ... Houston, TX We X Bb Slides - 2022SF X Bb Slides - 2022SF X Microsoft Word X market share ca x Homework Help X Microsoft Word X Microsoft Word X + - CD @ File | /Users/kennyphipps/Desktop/practice_midterm1_s2022.pdf K ... Microsoft Word - practice_midterm1_s2022.docx 9 / 9 1 - 116% + Question 6 (7 points) You administered a conjoint survey to evaluate various options for a train service between Houston and Dallas to understand whether consumers would be willing to pay for the extra time they could save if a high speed bullet train was introduced between the two cities. You have three respondents in the survey and once you estimate the model, this is what you find: Respondent id Bi ai 1 3.2 - 0.14 2 4.2 -0.33 4 1.1 - 1.25 Here Bi is the marginal utility of arriving 10 minutes earlier and a; is the marginal (dis)utility of paying an extra $1 for the train ticket. What is the average willingness to pay among the three respondents for arriving 10 minutes earlier? 176 MAR 1 tv