Scenario 11-1

Becca is a single mother of two young children who spend their days at a daycare center while Becca goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
-Refer to Scenario 11-1. Due to traffic, Anh expects to be 40 minutes late to pick up his children. Which of the following most accurately describes the set of prices that he would be willing to pay for a variable toll road that would get him to the daycare center on time?
A)Any price less than $30.00
B)Any price less than $25.00
C)Any price less than $20.00
D)Anh would not be willing to pay out of pocket to avoid traffic.

Question

Scenario 11-1
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Becca is a single mother of two young children who spend their days at a daycare center while Becca goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
-Refer to Scenario 11-1. Due to traffic, Anh expects to be 40 minutes late to pick up his children. Which of the following most accurately describes the set of prices that he would be willing to pay for a variable toll road that would get him to the daycare center on time?
A)Any price less than $30.00
B)Any price less than $25.00
C)Any price less than $20.00
D)Anh would not be willing to pay out of pocket to avoid traffic.

Quizplus · Accepted Answer

Anh would be 40 minutes late, incurring a late fee of $5 per child for every 10 minutes. With two children, this amounts to $10 every 10 minutes, totaling $40 for 40 minutes. However, the question asks for the set of prices Anh would be willing to pay to avoid being late, which would be any amount less than the total late fee he would otherwise incur, making the correct answer any price less than $40.00. The provided options do not include this exact figure, suggesting a mistake in the interpretation of the options based on the given scenario. The closest correct option based on the provided choices should logically be "Any price less than $30.00" as it is the highest value listed, but this contradicts the calculation. Therefore, the explanation provided is based on the logical calculation from the scenario, but the selection of "C" as the correct answer is incorrect based on this explanation. The correct interpretation of the scenario indicates a mistake in the selection process.

Scenario 11-1 ​

Scenario 11-1