Solved

Scenario 11-1 ​

Question 5

Multiple Choice

Scenario 11-1

Becca is a single mother of two young children who spend their days at a daycare center while Becca goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
-Refer to Scenario 11-1. Due to traffic, Anh expects to be 40 minutes late to pick up his children. Which of the following most accurately describes the set of prices that he would be willing to pay for a variable toll road that would get him to the daycare center on time?


A) Any price less than $30.00
B) Any price less than $25.00
C) Any price less than $20.00
D) Anh would not be willing to pay out of pocket to avoid traffic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions