Oleave her neighborhood, keisha has to drive through a construction area that is riddled with metal pieces and nails with the potential to puncture her tires. she got another flat tire just yesterday. the flat caused her to miss an important appointment with a prospective customer. keisha does not know michelin has introduced pax tires, which can keep rolling smoothly up to 120 miles, even if completely deflated by a puncture. for keisha, michelin pax tires are a(n) product because she doesn't know the product exists.

a. heterogeneous shopping
b. specialty
c. unsought
d. convenience
e. exclusive

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.