Suppose that there is not enough parking at an urban university. Sometimes students come to campus, spend a few minutes searching for a parking spot, and then decide that going to class isn't worth the effort of continuing to search for a parking spot, so they go home. Assume that all professors give midterm exams on the same day. You would expect the optimal amount of time spent searching for a parking spot on that day to ________ because ________.
A. decrease; the marginal benefit of search is lower
B. increase; the marginal cost of search is lower
C. decrease; the marginal cost of search is higher
D. increase; the marginal benefit of search is higher
Answer: D
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What are the commission's 5 recommendations?
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a. True b. False Indicate whether the statement is true or false
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