What is the cost of this free time for the station

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Using the concept of opportunity cost and scarcity, explain one of the following by sharing your explanation with your classmates. Make a connection to something you have observed.

Many Canadians today seem to be much more pressed for time than were their grandparents. This is rather odd in view of the fact that today's homes are full of so many time-saving devices for which our grandparents had no access. How would you account for this?
TV and radio networks offer "free air" for public service announcements. What is the cost of this "free" time for the station? Why are there more public service announcements on Sunday than other days of the week?
The acres of grass surrounding the Taj Majal in Agra, India are often cut by young women using kitchen shears instead of lawn mowers. Is this a low or high cost way to cut the lawn?
Why, on a rainy day would farmers go into town to do errands, while a business person who lives in town forego their errands?

Reference no: EM133367493

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