Multiple Choice
Suppose Michael is willing to drive across town to save 40 percent on a sweatshirt with a list price of $80. If Michael is rational, this implies that he should
A) not be willing to drive across town to save 40 percent on a microwave with a list price of $200.
B) be willing to drive across town to save 40 percent on a book with a list price of $30.
C) be willing to drive across town to save 10 percent on a guitar with a list price of $320.
D) not be willing to drive across town to save $35 on a shirt with a list price of $70.
Correct Answer:
Verified
Correct Answer:
Verified
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