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Outline | Approved: 6 years ago | 231.85 kB | Comments: 0
Category: Economics | Downloaded: 0
...get to the airport may choose between...
...At the closest airport you find an...
...$400, the middle airport (the second closest...
...from the farthest airport. Assume you want...
...taxi to the airport and the roundtrip...
...to the close airport is $20 and...
...to the second airport is $30 and...
...to the farthest airport is $60 and...
...and determine which airport is the optimum...
...optimum is the airport farthest from your...
...from your house. Airport Time to Airport...
...Airport Time to Airport Cost of Time...
...Time Traveling to Airport Taxi Fare Airfare...
...and determine which airport is the optimum...
...neighbor is the airport that is in...
...to your house). Airport Time to Airport...
...Airport Time to Airport Cost of Time...
...Time Traveling to Airport Taxi Fare Airfare...
...move the closest airport to the middle...
...to the middle airport. The optimum for...
...you remains the airport that is farthest...
...from your house. Airport Time to Airport...
...Airport Time to Airport Cost of Time...
...Time Traveling to Airport Taxi Fare Airfare...
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