Wednesday, July 20, 2011

You are more likely to hire your teenage child to cut your lawn than a landscaping firm

ECONOMICS

Multiple Choice

You are more likely to hire your teenage child to cut your lawn than a landscaping firm

a.since the teenager is paid each time when she finishes and the landscaping firm bills your credit card each month

b.if the teenager has a lower opportunity cost of cutting the lawn than the landscaping firm does

c.because the teenager is less likely to have the specialized tools necessary to complete the job quickly

d.due to the bounded rationality of the diversified landscaping firm

e.when it does not take a substantial amount of time and effort to find a reputable landscaping firm to do the job

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