Melissa Is a Self-Employed Lawyer Who Chooses a Higher-Priced Restaurant

question 70

Multiple Choice

Melissa is a self-employed lawyer who chooses a higher-priced restaurant 2 miles from home over a cheaper restaurant 15 miles from home.Which of the following is the most likely explanation for her behavior?

• A)The opportunity cost of her time is very low.
• B)She doesn't take travel time into consideration.
• C)She doesn't like to cook or doesn't know how.
• D)The prices at the more expensive restaurant understate the opportunity cost of eating there.
• E)The higher monetary cost of the more expensive restaurant is offset by the higher opportunity cost of the lower-priced restaurant.

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Definitions:

Endodermal Cells

Cells forming the innermost layer of the three primary cell layers in early embryonic development, which develop into the lining of the gut and associated structures.

Root Cell Wall

A protective layer that surrounds the cells of a plant's root, providing support and regulating the movement of water and nutrients.

Cuticle

Secreted covering at a body surface.

Lignin Wall

A complex organic polymer deposited in the cell walls of many plants, making them rigid and woody.