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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Suppose college students are given two options. With option A, the price a student pays for a class is always the equilibrium price. For example, if the equilibrium price to take Economics 101 is $600 at 10 a.m. and $400 at 4 p.m., then students pay more for the early class than they do for the later class. With option B, the price a student pays for a class is the same regardless of the time the class is taken. Given the choice between options A and B, many students would say that they prefer option B to option A. Is this the case for you? If so, why would that be your choice?

To determine

The choice of class timing.

Explanation

The answer may fluctuate. It would be better to choose option B, as the equal price would be fair for all the students regard...

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