Question

14. List the trade-offs you would consider for each of these decisions:

a. Owning a car versus using public transportation.

b. Buying a computer now versus waiting for an improved model.

c. Buying a new car versus buying a used car.

d. Speaking up in class versus waiting to get called on by the instru

Answer 1

A. Owning a car versus using public transportation.

Initial cost, convenience, parking, taxes, time, repairs, upkeep, etc.

b. Buying a computer now versus waiting for an improved model

Cost, technology, productivity, convenience, software applicability, etc.

c. Buying a new car versus buying a used car

Initial cost, repairs, warranty, upkeep, monthly payments and interest, dependability, insurance costs, etc.

d. Speaking up in class versus waiting to get called on by the instructor

Control of the situation, class participation, perception, image, etc.