Nancy and Melissa both have broken light fixtures in their living rooms. Nancy opts to hire an electrician, while Melissa spends two hours replacing the fixture herself. Which of the following is a possible explanation of this behavior?
A) The opportunity cost of Nancy's time is higher than her cost to hire an electrician.
B) Nancy dislikes electrical work more than Melissa.
C) Melissa is better at doing electrical work than Nancy.
D) All of the above are possible explanations of this behavior.

Question

Quizplus · Accepted Answer

All of the options could explain the behavior: Nancy might value her time more (A), dislike the task more (B), or be less skilled at it (C).

Nancy and Melissa Both Have Broken Light Fixtures in Their