A friend of your mentions to you that his pibp for a shirt


1. A friend of your mentions to you that his PIBP for a shirt is range of $40-$50. What argument can you give him to explain it is not wise to have a range for his PIBP?

2. Give some examples of items you own where you feel your RISP would go up by receiving s substantial amount of wealth. Identify some other items for which you feel your PISP would go down.

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