High School

You are doing your shopping and see a bag of potatoes that was $6.50 at your local store, is $1.50 across town. Then you see that a car that costs $21,195 for $21,190. You want to buy both and you: (a)Drive across for the car but not the potatoes because a car is a higher end purchase. (b)Drive across for both because $5 is $5. (c)Drive across for the potatoes only because the high cost potatoes are 400% more, while the high cost car is 0.02% more.

Answer :

Final answer:

The subject of this question is mathematics and the grade level is High School. The correct response is option (c)Drive across for the potatoes only because the high-cost potatoes are 400% more, while the high-cost car is 0.02% more.

Explanation:

The subject of this question is Mathematics, as we are dealing with numbers and comparisons of prices.

The grade level of this question is High School, as it involves basic math calculations and understanding of percentages.

The correct response is (c)Drive across for the potatoes only because the high-cost potatoes are 400% more, while the high-cost car is 0.02% more. Behavioral economists have pointed out that people tend to evaluate outcomes relative to a reference point and think of gains and losses as percentages rather than using actual savings.



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