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Joe's Search Costs Are $5 Per Search

Question 16

Multiple Choice

Joe's search costs are $5 per search.He wants to buy a video player for his wife for Christmas,and the lowest price he's found so far is $200.Joe thinks 50 percent of the stores charge $200 for video players and 50 percent charge $190.Based on this information:


A) Joe should search again.
B) Joe should stop searching and purchase the video player at $200.
C) Joe is indifferent between searching again and stopping.
D) There is insufficient information to make a determination.

Correct Answer:

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