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) Nancy dislikes electrical work more than Melissa.
B) Melissa is better at doing electrical work than Nancy.
C) The opportunity cost of Nancy's time is higher than her cost to hire an electrician.
D) All of the above are possible explanations of this behavior.

Question

Quizplus · Accepted Answer

Each option provides a plausible explanation for the difference in behavior between Nancy and Melissa. Nancy might dislike electrical work more (A), Melissa might have better skills in electrical work (B), or the opportunity cost of Nancy's time could be higher than the cost of hiring an electrician (C), leading them to make different decisions regarding how to address the broken light fixture.

Nancy and Melissa Both Have Broken Light Fixtures in Their