Which of the following best exemplifies a deadweight cost?
A) Eating something in a restaurant you don't really want because you have already paid for it.
B) Paying for something in a restaurant but not eating it.
C) Refusing dessert in a restaurant although it is included in the price of the meal.
D) Tipping the waiter even though he gave slow, surly, and inattentive service.
E) Waiting twenty minutes for a table to become available in a restaurant.
Question 2
Larry Lawnlover is trying to decide whether it would be more efficient to trim his lawn with a hand-operated clipper or to buy and use an electrically operated weed-trimmer.
Which of the items below will help determine the more efficient choice for Larry? A) Larry's dislike for the noise created by power tools
B) Larry's fear of being injured while using power tools
C) The sensitive skin on Larry's hand, which causes him to develop, blisters easily
D) All of the above.
E) None of the above.
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