A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time spent in the store
B) the cost of a bus ticket to get to the store
C) the value of the consumer's time getting to and from the store
D) the value of the time the consumer's spends reading advertisements from the store
D) the value of the time the consumer's spends reading advertisements from the store
You might also like to view...
For a commodity or token to be money it must
A) be accepted in exchange for all other goods and services. B) have a double coincidence of wants. C) be backed by government precious metals, like gold. D) be paper. E) be issued by the government or a government agency.
Bid-rigging has all of these features EXCEPT
a. It is a collusive agreement b. The bid-riggers pay a smaller amount than without bid-rigging c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers d. Bid rigging is usually a legitimate and legal strategy for the buyer-side