Consumers with higher wages have_____ opportunity costs than consumers with low wages, which means that managers should place stores _____in areas that are frequented by high- income consumers.
A)greater; farther apart
B)greater; closer together
C)lower; farther apart
D)lower; closer together

Question

Quizplus · Accepted Answer

Consumers with higher wages have greater opportunity costs, meaning they are willing to pay more for convenience and are more likely to value their time. Placing stores closer together in areas frequented by high-income consumers allows for easy access and convenience, reducing the opportunity cost of these consumers.

Consumers with Higher Wages Have_____ Opportunity Costs Than Consumers with Low