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Passa Caglia Passa Caglia
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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 driving to destination A is ________.

▸ $970

▸ $800

▸ $730

▸ $480
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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lucypierce86lucypierce86
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A year ago
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Passa Caglia Author
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A year ago
Thank you, thank you, thank you!
annielin111
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Yesterday
Just got PERFECT on my quiz
Harvinder
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2 hours ago
Good timing, thanks!
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