Wearing a light long-sleeved sweater adds about 2 degrees of warmth to the wearer and allows such individuals to keep their homes at 2 degrees lower temperature. Such sweaters cost approximately $20, or three for $60. The 2-degree decrease in heat can save $200 a year in heating bills.
(a) Assuming that the government is committed to saving electricity, should it require people to wear such sweaters and keep their homes 2 degrees cooler?
(b) What are two alternatives to this regulation?
(c) If it is cheaper to keep warm with sweaters than with furnaces, why don't people voluntarily wear more sweaters?

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The Answer of Wearing a light long-sleeved sweater adds about 2 degrees of warmth to the wearer and allows such individuals to keep their homes at 2 degrees lower temperature. Such sweaters cost approximately $20, or three for $60. The 2-degree decrease in heat can save $200 a year in heating bills.
(a) Assuming that the government is committed to saving electricity, should it require people to wear such sweaters and keep their homes 2 degrees cooler?
(b) What are two alternatives to this regulation?
(c) If it is cheaper to keep warm with sweaters than with furnaces, why don't people voluntarily wear more sweaters?

Wearing a Light Long-Sleeved Sweater Adds About 2 Degrees of Warmth