Economics will happen You ask him to complete the garage in half the time he pro

Question

Economics

will happen You ask him to complete the garage in half the time he proposes. What You uild a new garage and ask a contractor for a bid. He gives you a time and price to the ant to price and why? O The price will rise because your willingness to pay is obviously higher The price will rise because the contractors opportunity cost will be higher The price will fall because the contractor can get your garage out of the way more quickly, and thus move on to other projects O The price will not be affected because the relevant costs are sunk

Explanation / Answer

B is the answer

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