Question

Mary Hartwell and Jane Jamail, college roommates, are considering the joint purchase of a computer that they can share to prepare class assignments. Ms. Hartwell wants a particular model that costs $2,000. Ms. Jamail prefers a more economical model that costs $1,500. In fact, Ms. Jamail is adamant about her position, refusing to contribute more than $750 toward the purchase. If Ms. Hartwell is also adamant about her position, should she accept Ms. Jamail’s $750 offer and apply that amount toward the purchase of the more expensive computer?

Answer 1

Answer:- Since both Mary Hartwell and Jane Jamail are adamant of their decisions, we have got constraints. If both the computers deliver same performance/behavior for preparing class assignments, then there is no point of spending unnecessarily on the model that Hartwell prefers. Hence both have to contribute an equal share of purchase cost or else chances that Hartwell assumes she has more right over the computer than Jane is likely.

But if Hartwell's model is superior and can contribute to an improved performance in preparing class assignments as compared to the model that Jamail's prefer, then she may accept Ms. Jamail’s $750 offer and apply that amount toward the purchase of the more expensive computer