Roxanne and Eileen Live in an Apartment Building with a Laundry

question 104

Multiple Choice

Roxanne and Eileen live in an apartment building with a laundry room in the basement.Roxanne does her laundry there, spending $4 and taking 5 hours per week.Eileen has her laundry done by a laundry service, spending $20 and taking 15 minutes per week transporting the laundry to the person who provides the service.Which statement reflects Roxanne and Eileen's behaviours from an economic perspective?  

• A) Roxanne earns more labour income than Eileen. 
• B) Eileen earns more total income than Roxanne. 
• C) Roxanne enjoys doing laundry; Eileen does NOT. 
• D) Eileen and Roxanne attach different utilities to time spent on laundry.

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Definitions:

Action For Waste

A legal cause of action by a property owner or lessor against a lessee for substantial damage caused to the property, diminishing its value.

Life Estate

A property interest that lasts for the lifetime of a specific individual, after which it transfers to another designated party.

Deteriorate

Refers to the process of becoming progressively worse or the decline in quality or condition.

Duty To Warn

The legal obligation to inform others about potential dangers or risks associated with a product, property, or situation.