Multiple Choice
Joe is shopping for a new computer. A computer can be delivered to Joe's home for $1,200. Alternatively, Joe can pick up the same computer at the warehouse for $1,000. How should Joe buy the computer?
A) Joe should drive to the warehouse because $1,000 is less than $1,200.
B) Joe should drive to the warehouse if his cost of driving to the warehouse is less than $200.
C) Joe should drive to the warehouse if his cost of driving to the warehouse is greater than $200.
D) Joe should drive to the warehouse because the $200 he would save by driving to the warehouse is more than 10% of the purchase price.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: For two goods, coffee and scones, suppose
Q16: Jamie's marginal utility from muffins and
Q17: Refer to the accompanying figure. What is
Q18: The accompanying figure shows the demand curve
Q19: In most markets, scarce goods or services
Q21: If a consumer reallocates his or her
Q22: If marginal utility is positive, then as
Q23: Casey earns $150 a week and consumes
Q24: Refer to the accompanying figure. When Jeff
Q25: Angela is currently playing five games of