20. A local store sells cases of soda for $5.65 each. Next week there will be a sale on soda, where two cases will cost only $10.00. Which of the following statements best represents a decision that takes costs and benefits into consideration while shopping at the store?
Answer: D
Juanita knows she will want more soda soon, but she decides to wait until next week to buy her soda.
This decision reflects a thoughtful consideration of both costs and benefits. By waiting for the sale, Juanita is likely to save money by purchasing two cases for $10.00 instead of buying one case for $5.65 now.
A) Ralph knows he will want more soda soon, but he is in the store now so he buys one case of soda.
Ralph's decision to purchase one case immediately does not consider the better value available next week. Although he anticipates needing more soda, he does not take advantage of the sale, which would provide a more cost-effective option.
B) Jerome buys soda every time he visits the store, regardless of the price.
Jerome’s approach lacks consideration of price fluctuations and potential savings. By purchasing soda consistently without regard to cost, he may be spending more than necessary, indicating a disregard for cost-benefit analysis in his shopping behavior.
C) Isabelle is completely out of soda, so she buys some at the store today.
While Isabelle's decision to buy soda is driven by immediate need, it does not reflect a consideration of costs. If she buys at the regular price instead of waiting for the sale, she misses the opportunity to save money, which is crucial when evaluating costs and benefits.
D) Juanita knows she will want more soda soon, but she decides to wait until next week to buy her soda.
Juanita’s decision to wait for the sale demonstrates an understanding of the financial implications of her choices. By opting to purchase soda at a lower price, she effectively considers both her future needs and the current savings available.
Conclusion
Juanita's choice clearly illustrates a decision-making process that evaluates both immediate needs and potential savings, making it the most economically sound option. In contrast, the other options reflect either impulsive buying or a lack of awareness regarding cost-effectiveness, failing to incorporate a proper assessment of costs and benefits.