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.Which statement best describes Mark and Charles's behaviours from an economic perspective?
A) Mark is wealthier than Charles.
B) Mark needs more time to study than Charles.
C) Mark and Charles have different utilities for typing but place the same value on time.
D) Mark's opportunity cost of typing is higher than Charles's.
Correct Answer:
Verified
Correct Answer:
Verified
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