In a Situation in Which Rationing Is by Queues, the Total

question 114

Multiple Choice

In a situation in which rationing is by queues, the total price of the rationed good is

• A) equal to the funds paid for the good.
• B) less than the funds paid for the good.
• C) equal to the funds paid for the good plus the opportunity cost of the time spent waiting.
• D) equal to the funds paid for the good less the opportunity cost of the time spent waiting.