Tuesday, September 27, 2011

True or false: My willingness to drive downtown to save $30 on a new appliance should depend on what fraction?

True or false: Your willingness to drive downtown to save $30 on a new appliance should depend on what fraction of the total selling price $30 is. Explain.|||partialy true, you also must consider what it would cost you to drive downtown in term of gas, parking, time ( how much money will you not be making in that time) and risk, the usefullness of the appliance, it's availiablity, and the costs of alternative means of purchase, the nominal value of time spent finding the best bargain and the profit you could make reselling that appliance

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