Learn Before
Multiple Choice

A user is deciding between two online services to complete a task.

  • Service A: Has a $20 fee. The interface is streamlined, and the user estimates it will take them 30 minutes to complete the task.
  • Service B: Is free to use. The interface is less intuitive, and the user estimates it will take them 90 minutes to complete the same task.

The user values their personal time at $30 per hour. To maximize their overall utility by balancing monetary cost and the cost of their effort, which service should they choose and why?

0

1

Updated 2025-08-10

Contributors are:

Who are from:

Tags

Design Science

Economics

Economy

Introduction to Microeconomics Course

Social Science

Empirical Science

Science

CORE Econ

Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ

Analysis in Bloom's Taxonomy

The Economy 2.0 Microeconomics @ CORE Econ

Cognitive Psychology

Psychology

Related