measuring satisfaction (utility) Discussion
Discussion question Chp 7 microeconomic
Identify people who would be likely to value time very highly and others who would place a low value on time. Discuss how those two groups of people would react to such situations as:
(a) waiting in line to buy a product.
(b) shopping for hours to find the best prices on products such as cars, stereo
equipment, and soft drinks…
(c) purchase of services such as: cleaning, laundry, landscaping, and other services…
Use examples and real-world scenarios to support your argument the response must be a minimum of 500 words to receive full credit.