Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 6 - Consumer Behavior - Questions - Page 131: 5

Answer

These convenience stores work because while they are more expensive, they save Americans time.

Work Step by Step

People choose the product which gives them the most marginal utility per dollar, and saving time increases the utility of a product by a large amount.
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