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Suppose You Are Trying to Decide Whether to Rent an Apartment

Question 163

Essay

Suppose you are trying to decide whether to rent an apartment across the street from campus or a nicer apartment one mile from campus in either case,you plan to keep your car for social outings.Indicate whether the following pieces of information are relevant or irrelevant to your decision.
 Relevant  Irrelevant  Cost of apartment  Car insurance  Renter’s insurance  Cost of gasoline  Cost of campus parking permit  Cost of car wash  Cost of shoes  Original cost of your car  Amount of utility expense \begin{array} { | l | l | l | } \hline & \textbf { Relevant } & \textbf { Irrelevant } \\\hline \text { Cost of apartment } & & \\\hline \text { Car insurance } & & \\\hline \text { Renter's insurance } & & \\\hline \text { Cost of gasoline } & & \\\hline \text { Cost of campus parking permit } & & \\\hline \text { Cost of car wash } & & \\\hline \text { Cost of shoes } & & \\\hline \text { Original cost of your car } & & \\\hline \text { Amount of utility expense } & & \\\hline\end{array}

Correct Answer:

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