It usually takes less time to buy a six-pack of Pepsi,a loaf of bread,and a bag of potato chips at a small convenience store (such as 7-Eleven)than at a large,full-service grocery store.Which of the following persons is most likely to buy these items at a convenience store?
A) a person with a high opportunity cost of time
B) a person with a low opportunity cost of time
C) a person who is out of work
D) a person who works at a full-service grocery store

Question

Quizplus · Accepted Answer

A person with a high opportunity cost of time is most likely to buy these items at a convenience store to save time, even if it might cost more, because their time is more valuable to them.

It Usually Takes Less Time to Buy a Six-Pack of Pepsi,a