Roxanne and Eileen live in an apartment building with a laundry room in the basement.Roxanne does her laundry there, spending $4 and taking 5 hours per week.Eileen has her laundry done by a laundry service, spending $20 and taking 15 minutes per week transporting the laundry to the person who provides the service.Which statement reflects Roxanne and Eileen's behaviours from an economic perspective?

Question

Quizplus · Accepted Answer

The economic perspective suggests that people make choices based on their individual preferences and constraints. In this scenario, Roxanne and Eileen have different preferences regarding laundry. Roxanne is willing to spend more time and effort to save money, while Eileen values her time more and is willing to pay for the convenience of a laundry service. This indicates that they attach different utilities to their time spent on laundry, making answer choice D the best option. There is no information provided regarding their income levels or their enjoyment of doing laundry, so answer choices A, B, and C are incorrect.

Roxanne and Eileen Live in an Apartment Building with a Laundry