Kimberlyd21
Kimberlyd21 Kimberlyd21
  • 19-02-2019
  • Business
contestada

If you miss two days of work to visit several different apartments available for rent is an example of _______ cost?

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mirrorkitten
mirrorkitten mirrorkitten
  • 03-03-2019

The answer to the question is a term called search costs.

Search costs refer to costs that a potential customer incurs when he or she chooses to search for a better product or service until the marginal cost of searching exceeds the marginal benefit. This is a behavior that rational consumers would engage in - one that the individual is engaging in by visiting several different apartments.

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