Question

Suppose you have just paid a nonrefundable fee of $1,000 for your meal plan for this academic term. This allows you to eat dinner in the cafeteria every evening.
A. You are offered a part-time job in a restaurant where you can eat for free each evening. Your parents say that you should eat dinner at the cafeteria anyway since you have already paid for those meals. Are your parents right? Explain why or why not.
B. You are offered a part-time job in a different restaurant where, rather than being able to eat for free, you receive only a large discount on your meals. Each meal there will cost you $2; if you eat there each evening this semester, it will add up to $200. Your roommate says that you should eat in the restaurant since it costs less than the $1,000 that you paid for the meal plan. Is your roommate right? Explain why or why not.

Answer 1

Answer:

A. Parents are not right

B. Roommate is not right

Explanation:

A.Based on the information given your Parents are NOT right reason been that since the two or both of the meals are free for you to eat from you should therefore eat at either the restaurant or cafeteria that you think or felt will benefits you the most at that point in time.

B..Base on the information given your roommate is NOT right, reason been that you should eat at either the restaurant or cafeteria that you think will benefits you the most which means that you can decide to eat from either of the restaurant which food is free or the restaurant which meal will cost you $2 meal after you value the $2 meal to be truly $2 meal.