For Exercise 1.15, see page 9; for 1.16 and 1.17, see page 10, for 1.18 and 1.19, see pages 11-12; for 1.20 and 1.21, see page 15; for 1.22 and 1.23, see page 19; and for 1.24, see page 20.

Question 1.16

1.16 Rounding in the cost analysis.

Refer to Figure 1.4 and the preceding discussion. In the discussion, we rounded the percents given in the figure. Do you think this is a good idea? Explain why or why not.