Some people choose to live close to the city center; others choose to live away from the

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Some people choose to live close to the city center; others choose to live away from the city and take a longer commute to work every day. Does picking a location with a longer commute imply a failure to optimize?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:46 AM

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Some people choose to live close to the city center; others choose to live away from the

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People will choose where to live depending on the costs ...View the full answer

Microeconomics

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