Answer: b. Jordan values option B more than options A and C.
Explanation:
All options cost the same explicitly which means that Jordan's choice was made based on implicit/ opportunity cost factors.
These undisclosed factors led to Jordan valuing option B more than the other options which is why it was picked even thought they all cost the same. Had any other option being more valuable than B, it would have been picked but since B was picked, B was the most valuable.
Keep scams from happening to customers
Answer:
Explanation:
At a wage of $10/hour
Cost of a bus pass - $5
Two way trip =$10
Weekly bus trip = 10*5 -$50 (to & fro)
Extra time spent with bus 5hr (to & fro)
(leisure time are charged at wage rate )
Extra wage forgone with bus = 10*5= $50
the cost of earning extra if i drive =$60
Cost outweighs benefit
I will prefer to go by bus.
But if wages increase to $20
Leisure time valued at $20, Extra wage forgone = 20*5 = 100
Cost of earning extra if i drive by car = $60
If i drive the car . i will save extra time that worth a benefit of $40/week
If the wage increase to$20 , i will prefer to drive my car.
After World War II, alot of the remaining soldiers got married went through life and starting buying more things, when companies started realizing this they started marketing to them a lot more frequent.
Answer:
This is called A derivative
