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Title: Maria has to choose between driving and taking a train to destination A. Traveling by train will ... Post by: Science220 on Dec 11, 2022 Maria has to choose between driving and taking a train to destination A. Traveling by train will cost her $400 and will take 4 hours. Driving to destination A takes 6 hours, and the required amount of gasoline costs $250. Her opportunity cost of time is $15 per hour.
Refer to the scenario above. If the opportunity cost of time increases to $80 per hour, which of the following statements is TRUE? ▸ Maria should choose to travel by train, as it saves her $10. ▸ Maria should choose to travel by train, as it saves her $150. ▸ Maria should choose to drive, as it saves her $10. ▸ Maria should choose to drive, as it saves her $150. Title: Maria has to choose between driving and taking a train to destination A. Traveling by train will ... Post by: johnmilton on Dec 11, 2022 Content hidden
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