Question

You are trying to decide whether to pay a dog walker $400 or do the work yourself. It would be rational to hire a dog walker if

Answer 1

It would be rational to hire a dog walker if the work that you would be doing in the time that you have got by skipping taking the dog out for a walk is going to pay you more than $400.

Explanation:

• From the point of view of the time cost of a particular task, it is preferable to skip the task if it is not worth your time.
• For that to be applicable, you should be earning more than the economic value that you would have spent otherwise doing the other work.
• Hence, any task that pays you more for the time put in should be considered to be worth doing.