Business, 05.05.2020 09:33 DesperatforanA
For each of the scenarios listed, determine the principle illustrated by each person's reasoning.
a. Suppose Lucia, the seller of the digital camera, knows the camera works well—she is only selling it because she got a better model as a gift. She thinks about asking $45 and offering a guarantee: She will replace the digital camera with a new $175 digital camera if it turns out not to work. Then she thinks, "That's not a good idea! Someone can just buy it, handle it carelessly, and, if it breaks, can pretend it didn't work and get a new digital camera for $45—meanwhile, I'll be out $130!"
b. Suppose Kyoko buys the new car seat from the national retail chain, thinking "Someone would ask $30 for a used car seat only if it didn't work well."
Answers: 3
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For each of the scenarios listed, determine the principle illustrated by each person's reasoning.
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