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

Question

Jadyn Shaw

Business

5 November, 05:13

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

+3

Answers (1)

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Julissa Hanson · Answer 1

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