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MrsAngelD MrsAngelD
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Posts: 322
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6 years ago
A consumer purchases a book by driving across town to a bookstore, standing in line for five minutes to pay the cashier, and then pays $5. The same book is purchased by another consumer who spends two minutes placing the order over the Internet for $10. The book necessarily cost the first consumer less.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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wrote...
6 years ago
False. The opportunity cost of driving across town and standing in line may have raised the total cost of the book to the first consumer to more than $10.
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