People who use drive-through windows at restaurants and eat while on the road tend to
a. have a low opportunity cost of time
b. have a high opportunity cost of time
c. not maximize their utility
d. act irrationally
e. value their money more than their time
Question 2
Which of the following must be true of an attorney who buys a portable computer so that she can work on trains and planes?
a. She is engaging in conspicuous consumption.
b. She gets utility from working.
c. She thinks the opportunity cost of her time is higher than it really is.
d. She thinks the opportunity cost of her time is lower than it really is.
e. She is trying to reduce the opportunity cost of traveling.
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