Homework Answers
Casey would find the first option less objectionable since she would be "better off" by $800
Jean would find the second option less objectionable since she would be"better off" by $1500
Explanation:
1) Casey:
| 1st option she has to pay | $8000 |
| 2nd option she has to pay [$10000- ( $10000*12%)] | $8800 |
| Better off by | $800 |
2) Jean:
| 1st option she has to pay | $ 8000 |
| 2nd option she has to pay[$10000- ($10000×35%)] | $6500 |
| Better off by | $1500 |
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