Question
A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal? This statement is false Buying fewer pencils will always be a better deal. The price of each pencil, or the unit price, is actually cheaper in the 12 pack. The price of each pencil, or the unit price, is actually cheaper in the 24 pack. The 24 pack comes with a carrying case.
Answer
4.1
(184 Votes)
Ursula
Veteran · Tutor for 10 years
Answer
The price of each pencil, or the unit price, is actually cheaper in the 24 pack.The 24 pack comes with a carrying case.
Explanation
In economics, prices and purchasing decisions are often analyzed through the concept of unit price, which is determined by dividing the total price by the quantity of items. A pack of 24 pencils can be a better deal if the unit price is lower than that of a 12-pack, despite the higher total cost. The unit price being cheaper in the 24-pack indicates an economy of scale, where buying in bulk reduces the cost per item. Additionally, non-price factors such as the inclusion of a carrying case can add value that makes purchasing the bulk pack more attractive despite the unit price. In this context, if the unit price is cheaper in the 24-pack, or the 24-pack includes additional value (e.g., a carrying case), it may be considered a better deal.