Question 1: Jim is about to purchase a piece of office equipment at the local office supply store. He just received a flyer that another store across town has the item for $1,024.99. He was planning on spending $1,050.95 for it. Would you agree that he should drive across town to purchase the item at the other store? (Be very specific in your response, and use some of the concepts of risks and axioms from the readings).