To determine whether it makes more sense to buy the product on Amazon or go to Walmart, we need to consider the value of your time in addition to the direct costs of the product. Here's the breakdown: 1. **Walmart:** - Cost of product: $40 - Time spent: 1 hour - Value of your time: $100/hr **Total cost for Walmart:** - Money spent: $40 - Value of time spent: $100 - **Total effective cost: $40 + $100 = $140** 2. **Amazon:** - Cost of product: $80 - Time spent: 30 seconds (which is negligible, let's assume 0 for simplicity) **Total cost for Amazon:** - Money spent: $80 - Value of time spent: $0 (negligible) - **Total effective cost: $80** Comparing the two: - Walmart's effective cost: $140 - Amazon's effective cost: $80 Given this comparison, it makes more sense to buy the product on Amazon. Even though the direct cost of the product is higher, the value of the time you save more than makes up for the difference.
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