Multiple Choice
On June 13, 2011, writer Sebastian Anthony at Extreme Tech wrote, "During the two days that the Les Paul [Google] doodle was online, those 740 million visitors spent 26 seconds more on the Google home page than normal. That's a total of almost 10.7 million man-hours spent playing with the Les Paul Google Doodle. Assuming the average Google user earns $25/hour, the doodle cost companies around the world $268 million in lost productivity." Mr. Anthony's mistake is overestimating opportunity costs. He is doing this by assuming that:
A) labor has no incentive to work.
B) all those man-hours would have been spent working if not for the doodle.
C) all the Google visitors do not sleep.
D) that labor is not making a marginal decision.
Correct Answer:
Verified
Correct Answer:
Verified
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