Cassie's Quilts Alters,reconstructs,and Restores Heirloom Quilts

question 188

Multiple Choice

Cassie's Quilts alters,reconstructs,and restores heirloom quilts.Cassie has just spent $800 purchasing,cleaning,and reconstructing an antique quilt which she expects to sell for $1,500 once she is finished.After having spent $800,Cassie discovers that she would need some special period fabric that would cost her $200 in material and time in order to complete the task.Alternatively,she can sell the quilt "as is" now for $900.What is the marginal cost of completing the task?

• A)$200
• B)$500
• C)$1,000
• D)$1,000 plus the value of her time

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Definitions:

Situational Influences

Factors like time and involvement that serve as an interface between consumers and their decision-making process.

Decision-making Process

The steps taken by individuals or groups to choose among alternatives and solve problems.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Affective Component

The emotional or feeling segment of an attitude, which influences individuals' feelings or emotions about an object, person, or event.