In the late 1800s, workers tolerated poor wages and working conditions because they
a. thought that the government would protect them.
b. believed it had to get worse before it got better.
c. could be replaced easily by other workers.
d. were tricked by employers into taking dangerous jobs.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase