Mark and Charles Are Roommates at College

question 115

Multiple Choice

Mark and Charles are roommates at college.Each has written a 25-page term paper for the same English class.They are equally poor typists.Charles types his own paper and gets paid by Mark to type his, too.On the basis of the information given, which one of the following must be true?

• A)Mark is wealthier than Charles.
• B)Mark needs more time to study than Charles.
• C)Charles hates typing.
• D)Mark and Charles have different utilities for typing but place the same value on time.
• E)Mark's opportunity cost of typing is higher than Charles's.

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Definitions:

Line of People

A sequence of individuals arranged one behind the other, often waiting for a service or opportunity.

Primary Group

A small social group characterized by close, personal relationships that have a strong influence on its members.

Collective

A term referring to a group of individuals who share common interests, goals, or characteristics, acting as a single entity in certain contexts.

Social Capital

The networks, relationships, and norms that shape the quality of society’s social interactions, enhancing cooperation for mutual benefit.