Unformatted text preview: Second, it will require cleaning from time to time. When buying bottled water it is already full and you do not need to ever wash it. Washing and refilling take time and are inconvenient. It could be more beneficial for you to leave for work and extra 2 minutes early (or sleep in for an extra 2) than it is to spend that time filling and cleaning water bottles. So the reason that people still pay $1 for water is not because they are paying for the water itself, but it is more cost effective for them to have portable water in a container that does not need to be washed. This would be especially true if your wage or salary broke down to over $1 per minute worked (or if your value of getting an extra game of solitary finished is worth more than $1). For people who buy bottled water, the cost in time to prepare water for consumption does not outweigh the price to have someone else prepare it for them....
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This note was uploaded on 11/07/2011 for the course ECO 201 taught by Professor Dunlevy during the Spring '08 term at Miami University.
- Spring '08