Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Question
Chapter 5.2, Problem 5R
To determine
To rate: The last article of clothing bought in terms of style, durability, and cost of care and the amount paid for it.
Expert Solution & Answer
Explanation of Solution
Cost = $9
| Style | Durability | Cost of care |
| It is light color half-sleeved trendy shirt which has an attractive look. | The quality of shirt is high which implies that it will last longer. | It doesn’t require iron and dry cleaning; it can be washed with other clothes in machine. This implies that its maintenance cost is low. |
Yes, the decision made was good as the style, durability and cost of care at $9 can be considered as a cheap deal which implies benefit in this purchase.
Chapter 5 Solutions
Economics Today and Tomorrow, Student Edition
Ch. 5.1 - Prob. 1RCh. 5.1 - Prob. 2RCh. 5.1 - Prob. 3RCh. 5.1 - Prob. 4RCh. 5.2 - Prob. 1RCh. 5.2 - Prob. 2RCh. 5.2 - Prob. 3RCh. 5.2 - Prob. 4RCh. 5.2 - Prob. 5RCh. 5.3 - Prob. 1R
Ch. 5.3 - Prob. 2RCh. 5.3 - Prob. 3RCh. 5.4 - Prob. 1RCh. 5.4 - Prob. 2RCh. 5.4 - Prob. 3RCh. 5.4 - Prob. 4RCh. 5 - Prob. 1AACh. 5 - Prob. 2AACh. 5 - Prob. 3AACh. 5 - Prob. 4AACh. 5 - Prob. 5AACh. 5 - Prob. 6AACh. 5 - Prob. 7AACh. 5 - Prob. 8AACh. 5 - Prob. 9AACh. 5 - Prob. 10AACh. 5 - Prob. 11AACh. 5 - Prob. 12AACh. 5 - Prob. 13AACh. 5 - Prob. 14AACh. 5 - Prob. 15AACh. 5 - Prob. 16AACh. 5 - Prob. 17AACh. 5 - Prob. 18AACh. 5 - Prob. 19AACh. 5 - Prob. 20AACh. 5 - Prob. 21AACh. 5 - Prob. 22AACh. 5 - Prob. 23AACh. 5 - Prob. 24AACh. 5 - Prob. 25AACh. 5 - Prob. 26AA
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