Even though mass transit systems such as buses are available in most cities in the United States, many residents decide to drive to work in their own vehicles because 1. the opportunity cost of riding a bus is too high for them2. there is no opportunity cost of them to drive3. they are not rational. 4. they do not behave according to the economic way of thinking.

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Business

Killian

9 December, 14:30

Even though mass transit systems such as buses are available in most cities in the United States, many residents decide to drive to work in their own vehicles because 1. the opportunity cost of riding a bus is too high for them2. there is no opportunity cost of them to drive3. they are not rational. 4. they do not behave according to the economic way of thinking.

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Cruz Mitchell · Answer 1

Mass transit arrangement are accessible in most of cities in US but several individuals are not consuming it. Those individuals like to go workplaces in their won vehicle. There might be more than one response correct for the given problem. Sometime individuals do not perform according the economic method of thinking. They might be irrational also. According to me, presumptuous that all persons are rational and acting rendering to approach of thinking, the opportunity cost of riding a bus essential to be high for them. Individuals chooses to drive to work in their personal vehicles because opportunity cost of driving their personal vehicle to work is comparatively less for them. This is the maximum strong dispute among all given influences.

Thus Option (1) is the correct answer