2 Janine is an accountant who makes $30,000 a year. Robert is a college student who makes...

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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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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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