You Are More Likely to Do-It-Yourself Than Hire a Plumber

Multiple Choice

You are more likely to do-it-yourself than hire a plumber to repair a leaky drain pipe

A) as the tax rate on your earned income dramatically decreases
B) if the opportunity cost of your time decreases
C) the less knowledge and experience in plumbing repair work that you possess
D) if you already own the specialized tools required to complete the repair work
E) as the transaction cost of the do-it-yourself repair work increases