Video Demand Response

* 1. Assume that you are in the downtown area of a large city and you want to watch an absolutely funny 20-minute viral video sent to you by a friend. The regular cost of watching such video on your cell phone is $1. However, due to congestion, your cell phone company will charge you an extra amount if you want to watch the video now in your current location. In the following table, please indicate whether you will go ahead and watch the video despite the stated extra charge or not.

  will use will NOT use
$1 Additional Overall Cost [+ %100]
$2 Additional Overall Cost [+ %200]
$3 Additional Overall Cost [+ %300]
$4 Additional Overall Cost [+ %400]
$5 Additional Overall Cost [+ %500]

T