Maybe their stock market µsystems¶ don¶t work!
It may look simple to the owner because
is not the one losing a job. For the threemachinists it represents a major event with major consequences.
For most high school seniors there probably are only a limited number of colleges anduniversities that are feasible alternatives. Nevertheless, it is still a complex problem.
It really is not an economic problem solely ² it is a complex problem.
Since it takes time and effort to go to the bookstore, the minimum number of pads might berelated to the smallest saving worth bothering about. The maximum number of pads mightbe the quantity needed over a reasonable period of time, like the rest of the academic year.
While there might be a lot of disagreement on the µcorrect¶ answer, only automobileinsurance represents a
substantial amount of mon
and a situation where money might bethe
basis for choosing between alternatives.
The overall problems are all complex. The student will have a hard time coming up withexamples that are truly
until he/she breaks them into smaller andsmaller sub-problems.
These questions will create disagreement. None of the situations represents rationaldecision-making.Choosing the same career as a friend might be OK, but it doesn¶t seem too rational.Jill didn¶t consider all the alternatives.Don thought he was minimizing cost, but it didn¶t work. Maybe rational decision-makingsays one should buy better tools that will last.