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drw92 drw92
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A year ago
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 Maria's opportunity cost of time increases to $80 per hour, the cost of taking the train is ________.

▸ $970

▸ $320

▸ $800

▸ $720
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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gagan17gagan17
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A year ago
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