Joes search costs are 7 per search. he wants to buy a dvd, Ask an Expert

Economics

Q. Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas and lowest price he's found so far is $200. Joe thinks one-third of stores charge $300 for a DVD player, one-third charge $200 and one-third charge $185. Should Joe continue to search or buy a DVD player at a price of $200?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306897

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