The Garage Owner Receives a 20% Discount for Parts

question 9

Multiple Choice

$\begin{array}{lcl}\text { Item } & \text { Quantity } & \text { Cost } \\5 / 8 \text {-inch hose } & 30 \text { inches } & \$ 1.25 \text { per foot } \\3 / 4 \text {-inch hose } & 24 \text { inches } & \$ 1.35 \text { per foot } \\5 / 8 \text {-inch hose clamps } & 2 & \$ 0.84 \text { each } \\3 / 4 \text {-inch hose clamps } & 2 & \$ 0.84 \text { each } \\\text { Thermostat with gasket } & 1 & \$ 5.65 \text { each } \\\text { Pressure cap } & 1 & \$ 4.50 \text { each } \\\text { Upper hose } & 1 & \$ 11.44 \text { each } \\\text { Lower hose } & 1 & \$ 16.53 \text { each } \\\text { Hose clamps } & 4 & \$ 0.98 \text { each }\\\\\text { Labor charges are as follows: }\\\\ \text { Remove, clean, and replace radiator } &&\$ 39.50 \\ \text { Reverse flush block } &&\$ 20.00 \\ \text { Replace heater hoses } &&\$ 10.00 \\ \text { Replace thermostat and cap } &&\mathrm{~N} / \mathrm{C}\end{array}$ The garage owner receives a 20% discount for parts. How much is paid for the parts for this job?

• A) $21.88
• B) $34.57
• C) $37.47
• D) $40.98

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Definitions:

Preferred Course

A path or option that is favored or chosen over others due to its perceived benefits or advantages.

Classical Decision Theory

A framework in managerial economics that outlines how decisions should be made, considering variables and outcomes in a rational and structured manner.

Satisfactory Alternative

An acceptable option or solution that meets basic requirements or needs, though it may not be the optimal choice.

Behavioural Decision Model

Decision-making with limited information and bounded rationality.