Vinnie Is Looking for an Apartment in Regina

question 13

Multiple Choice

Vinnie is looking for an apartment in Regina.In Regina,75% of the two-bedroom,one-bath apartments cost $800 a month and 25% cost $600.Vinnie would prefer to find an apartment that rents for $600.The marginal cost of looking at the first apartment is $15,the marginal cost of looking at the second apartment is $30,and so on.
-Refer to the information above.Suppose that Vinnie discovers that the marginal cost of looking at an extra apartment is $25,rather than $15.He will now look at a maximum of __________ apartments.

• A) 0
• B) 1
• C) 2
• D) 3
• E) 4

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Definitions:

Country

A distinct geographic territory with its own government, recognized as a sovereign state.

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates ambiguity and uncertainty.

Cultural Preference

The tendency of individuals or groups to favor certain beliefs, practices, or items because of cultural backgrounds.

Structured Situations

Scenarios or environments where the procedures, rules, and objectives are clearly defined and organized.