Which would a rational poor person be more likely to accept and why? a. A $50,000 Mercedes

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Which would a rational poor person be more likely to accept and why?
a. A $50,000 Mercedes (immediate resale value = $30,000)
b. $35,000 cash

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:18 AM

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Which would a rational poor person be more likely to accept and why? a. A $50,000 Mercedes

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Microeconomics and Behavior

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