Lane and Riley are the only two residents in a neighborhood, and they share the same driveway. They would like to have the driveway paved. The value of the paved driveway is $1,500 to Lane and $900 to Riley. Regardless of who pays for the paving both people will benefit from it.
What is the most a contractor can charge to pave the driveway and still be assured of being hired by at least one of them?

Question

Lane and Riley are the only two residents in a neighborhood, and they share the same driveway. They would like to have the driveway paved. The value of the paved driveway is $1,500 to Lane and $900 to Riley. Regardless of who pays for the paving both people will benefit from it.  
What is the most a contractor can charge to pave the driveway and still be assured of being hired by at least one of them?

Quizplus · Accepted Answer

Since Lane values a paved driveway at $1,500, this is the most a contractor could charge.

Lane and Riley Are the Only Two Residents in a Neighborhood