Title: Consider the following hypothetical scenarios:Scenario A: You are about to purchase a pair of 7 for Post by: Tidy on Jun 21, 2015 Consider the following hypothetical scenarios:
Scenario A: You are about to purchase a pair of 7 for All Mankind jeans for $175 and a t-shirt for $45. The sales attendant at the store tells you that the pair of jeans you wish to buy is on sale for $160 at another store, located about a 20-minute drive away. Scenario B: You are about to purchase a pair of 7 for All Mankind jeans for $175 and a t-shirt for $45. The sales attendant at the store tells you that the t-shirt you wish to buy is on sale for $30 at another store, located about a 20-minute drive away. Based on standard economic theory, under which scenario would you make the 20-minute trip to the other store? A) Scenario A because the pair of jeans is a very expensive item and $15 saving is quite substantial B) Scenario B because a $15 saving amounts to a substantial discount (about 33 percent) C) in either scenario if I think a $15 savings is worth the 20-minute trip D) in none of these scenarios if I think the $15 saving is not worth the 20-minute trip E) C and D are correct answers. Title: Re: Consider the following hypothetical scenarios:Scenario A: You are about to purchase a pair of 7 Post by: VincenzoD on Aug 1, 2015 Content hidden
Title: Re: Consider the following hypothetical scenarios:Scenario A: You are about to purchase a pair of 7 ... Post by: Sakura Gavin on Oct 13, 2020 thanks
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