In making a cost-benefit analysis of whether to purchase a parking permit for on-campus parking, the benefit of buying a parking permit includes:
a. the time saved by not having to look for parking on the street.
b. the ability to pay the price of the parking permit.
c. the need of the student body to support campus policies.
d. the cost of gasoline burned on the way to school.
Answer: a. the time saved by not having to look for parking on the street.
Economics
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