# Consumer behavior | Economics homework help

While at a discount shoe store, a customer asked the clerk, “I see that your shoes are ‘buy one, get one free­—limit one free pair per customer. Will you sell me one pair for half price?” The clerk answered, “I can’t do that.” When the customer started to leave the store, the clerk hastily offered, “However, I am authorized to give you a 40 percent discount on any pair of shoes in the store.”

Assuming the consumer has \$200 to spend on shoes (X) or all other goods (Y), and that all shoes cost \$100 per pair, answer the following questions:

1. What is the consumer’s opportunity set with the “buy one, get one free” deal and with a 50 percent discount?

2. Why was the 40 percent discount offered only after the consumer rejected the “buy one, get one free” deal and started to leave the store?

3. Why was the clerk willing to offer a “buy one, get one free” deal, but unwilling to sell a pair of shoes for half price?

Write a response for each question in no less than 250 words for each question.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.