Suppose Ginger is going to buy a house and a dishwasher. Assuming the marginal cost of searching for both is the same, one can predict that Ginger will

A. spend more time searching for the dishwasher than the house.
B. trust the information from her real estate agent but not from the dishwasher salesperson.
C. spend more time searching for the house than the dishwasher.
D. spend equal amounts of time searching for the dishwasher and the house.


Answer: C

Economics

You might also like to view...

Why is barter less efficient than using money?

What will be an ideal response?

Economics

Indifference curves on the same indifference map can have different shapes

Indicate whether the statement is true or false

Economics

If the graph shown represents Suzi's budget constraint, what can be said about hairbands?

A. They cost half as much as earrings. B. Suzi likes hairbands more than earrings. C. Suzi is willing to pay twice as much for hairbands. D. They cost twice as much as earrings.

Economics

Which of the following percentages is closest to the long-run average growth rate for the U.S.? a. 15 percent. b. 10 percent. c. 5 percent

d. 3 percent.

Economics