Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Science220 Science220
wrote...
Go to Answer
Posts: 136
Rep: 0 0
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 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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
johnmiltonjohnmilton
wrote...
#1
Posts: 129
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Science220 Author
wrote...

A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
ethom947
wrote...

Yesterday
Good timing, thanks!
sudenzia
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1485 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 993
  
 204
  
 249
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 436
Previous poll results: Which of the following is the best resource to supplement your studies: