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Assume that you just bought a new printed textbook at your bookstore. Upon returning to your class you found that other students were buying the
Assume that you just bought a new printed textbook at your bookstore. Upon returning to your class you found that other students were buying the same book in electronic form over the internet. You have 10 days to return your printed version for 90% of the original purchase price. Or, you can use the printed textbook all semester and return it to the bookstore at the end of the term for 50% of the original purchase price. Assume you will learn equally well from either version and are indifferent about which to use. The book has no utility to you beyond the end of the term, and you only seek to identify the least cost option. (1) Click in the boxed areas below and use the resulting pick lists to experiment with alternative assumed prices. (2) Next, identify if a particular item is "relevant" to the decision to return or use the printed text. Correct identification of an item as relevant (or not) will cause the boxed area to turn green. (3) Finally, based on the prices you set, decide if the printed book should be returned or used; a correct selection will turn green and reveal appropriate calculations supporting the decision. How much is the Net Cash? (if negative enter as negative if positive enter as positive) Question 2 How much is the Net Cash? (if negative enter as negative if positive enter as positive)
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