Question

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

(A) Janine; her opportunity cost is lower
(B) Janine; her opportunity cost is higher
(C) Robert; his opportunity cost is lower
(D) Robert; her opportunity cost is higher
(E) Janine; she is better able to afford the cost of the tickets

Answer 1

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket