For whom will the net cost be very low or even negative? For whom will the net cost be very high, perhaps even prohibitively high?Ĭ. What is the cost to a citizen of serving as a juror?ī. In recent years, more and more Americans have begun to evade jury duty, creating a serious problem in some courts, which have been forced to postpone trials because an adequate number of jurors were not available.Ī. Because the art is made up of $2,000 of actual money (40,000 coins) does that mean it’s worth that? What if the artist was willing to sell it for $800? Or what if he was only willing to sell it for $41,000? How does that affect the cost of the art piece?Ĥ.

Is it what the store is selling it for or what it cost to make it, ship it, and sell it or what you are willing to pay for it? In your answer consider the example of an artist who creates a sculpture made out of $2,000 worth of nickels. Include in your answer your views on why gas prices seem to go up almost the same instant that news outlets announce oil barrel prices are set to increase in the near future, yet they don’t ever seem to drop back down to the pre-hike rate even though oil prices decrease.ģ. These being acceptable facts, explain why gasoline costs are even discussed in the media - especially to the extent they are - and whether you have ever altered your behavior on those costs. Similarly, most people are not going to cancel a vacation because gasoline for their vehicle will cost them 38% more than the prior year. Yet if you ask most people, they will say most of their travel - to work, to school, to shopping locations, to see family - cannot be curbed more than slightly. Gas prices are often talked about as having an impact on how much people drive. What does this say about the value of something?Ģ. It could easily be put into distribution at a convenience store, passed from hand to hand, without anyone who touches it even knowing its value. Yet the actual value of the coin, if it were to be spent, is only one cent. One penny can fetch several thousand dollars, depending on the buyer. coins because of the small number that were minted. A 1909 S VBD penny is considered one of the most valuable U.S. Value, like beauty, is often in the eye of the beholder.

Eye of the beholder 2 solution