Business, 09.10.2019 21:00 samyajones68
Bill and alma are shopping for their first home. they have found two houses that are nearly identical except for their locations. one house costs $250,000 and is 15 miles from their places of employment. the second house costs $275,000, but it is within 5 miles of where they both work. now bill and alma are trying to decide if living 10 miles closer to their workplaces is worth the extra $25,000 in the cost of the house. which decision-making concept are they using?
a. total utility
b. opportunity cost
c. marginal analysis
d. time value of money
Answers: 3
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