Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. Given that driving to campus to buy the concert ticket was rational for Matt, Matt should:
A)not drive to campus to buy the books because the $5 he would save is only two percent of the cost of the books, and that is much less than the 25 percent he saved on the concert ticket.
B)drive to campus to buy the books because the books are cheaper at the bookstore than online.
C)drive to campus to buy the books because the $5 he would save is more than he saved by driving to campus to buy the concert ticket.
D)not drive to campus to buy the books because the cost of gas and his time must certainly be more than the $5 he would save.

Question

Quizplus · Accepted Answer

Because Matt was willing to drive to campus to save $4 last week, we can assume that the cost of driving to campus is no more than $4, so he should be willing to drive to campus to save $5.

Matt Has Decided to Purchase His Textbooks for the Semester