A professor will sometimes pay higher prices for some goods compared to an undergraduate student because

Question

Quizplus · Accepted Answer

Crowded and understaffed discount stores impose higher time costs, and professors have less free time due to their teaching and research responsibilities. Therefore, professors may choose to pay higher prices for the convenience of shopping at a less crowded and better-staffed store. It is not necessarily true that professors value the item more, like wasting money, or like to show off.

A Professor Will Sometimes Pay Higher Prices for Some Goods