Question
Kim needs to buy a textbook for the next economics class. The price at the college bookstore is $65. One website offers it for $55,
Kim needs to buy a textbook for the next economics class. The price at the college bookstore is $65. One website offers it for $55, and another site, for $57. All prices include sales tax. The accompanying table indicates the typical shipping and handling charges for the textbook ordered online.
Shipping method Delivery time Charge
Standard shipping 3-7 days $3.99
Second-day air 2 business days 8.98
Next-day air 1 business day 13.98
What is the opportunity cost of buying online instead of at the bookstore? Note that if you buy the book online, you must wait to get it.
Show the relevant choices for Kim. What determines which of these options Kim will choose?
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Managers And The Legal Environment
Authors: E. Bagley
9th Edition
1337555177, 978-1337555173
