Which of the Following Must Be True of an Attorney

question 97

Multiple Choice

Which of the following must be true of an attorney who buys a portable computer so that she can work on trains and planes?

• A)She is engaging in conspicuous consumption.
• B)She gets utility from working.
• C)She thinks the opportunity cost of her time is higher than it really is.
• D)She thinks the opportunity cost of her time is lower than it really is.
• E)She is trying to reduce the opportunity cost of traveling.

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Definitions:

Liquidity Management

The practice of managing assets and liabilities in such a way that an individual or firm can meet its short-term obligations.