Carlos is shopping for a tablet and since he has a relatively high opportunity cost of search time will spend less time searching for a lower price and will also have:

Question

Quizplus · Accepted Answer

Since Carlos has a high opportunity cost of search time, he will be willing to pay more to minimize his search time, leading to a higher marginal cost of search. This means that he is less likely to spend time searching for a lower price and therefore has a lower marginal benefit of search.

Carlos Is Shopping for a Tablet and Since He Has