Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
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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
Check Mark

Explanation of Solution

Cost = $9

    StyleDurabilityCost 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.

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