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Chapter 2: Q. a - For Critical Thinking (page 31)

Why might a person pay a firm at a mall to prepare her tax forms while she shops instead of allocating the same amount of time to finding a qualifying Free-File tax-preparation service?

Short Answer

Expert verified

The opportunity cost of preparing her tax forms while they shop is lesser as compared to finding a qualifying Free-File tax-preparation service.

Step by step solution

01

Step 1. Opportunity Cost

Opportunity cost is the next-best alternative that must be sacrificed to satisfy the wants.

02

Step 2. Reason.

The opportunity cost of preparing her tax forms while they shop is lesser as compared to finding a qualifying Free-File tax-preparation service. The person buyingand her tax being filed could result in time-saving for her.

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