A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time deciding which store to travel to
B) the wear and tear on the consumer's car
C) the cost of gasoline
D) the value of the consumer's time getting to and from the store
A) the value of the consumer's time deciding which store to travel to
You might also like to view...
Contractionary monetary policy should increase foreign financial investment in the United States
Indicate whether the statement is true or false
If the supply of good A is perfectly elastic, a decrease in demand will: a. reduce the equilibrium quantity traded, but leave the price unchanged. b. reduce the equilibrium quantity traded, and reduce the price
c. reduce the equilibrium price, but leave the quantity traded unchanged. d. reduce the equilibrium price traded, but increase the quantity traded.