One reason why a consumer might buy from a high-priced local hardware store instead of going to a big discount store several miles away in another community is that
A)the local store will still have lower money prices
B)the time cost of going to the local store is equal to going to the discount store
C)comparing the sum of money prices and time cost, the local hardware store is a bargain for people who value time highly
D)comparing the sum of money prices and time cost, the local hardware store is a bargain for people who earn low hourly wages
E)the time cost of going to the discount store is less than going to the local hardware store

Question

Quizplus · Accepted Answer

This option suggests that the local hardware store may have higher prices, but the convenience of going there instead of a big discount store several miles away could be worth more to some people who value their time highly. This is a subjective decision based on individual preferences and priorities.

One Reason Why a Consumer Might Buy from a High-Priced