2 Janine is an accountant who makes $30,000 a year. Robert is a college student who makes...
Question:
2 Janine is an accountant who makes $30,000 a year.
Robert is a college student who makes $8,000 a year.
All other things being equal, who is more likely to stand in a long line to get a cheap concert ticket?
■
a. Janine; her opportunity cost is lower
■
b. Janine; her opportunity cost is higher
■
c. Robert; his opportunity cost is lower
■
d. Robert; his opportunity cost is higher
■
e. Janine; because she is better able to afford the cost of the ticket
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