A bus ticket between two cities costs 50 and the trip will


A bus ticket between two cities costs $50 and the trip will take twenty-eight hours, whereas an airplane ticket costs $300 and takes three hours. Mary values her time at $12 per hour, and Michele values her time at $8 per hour. Will Mary take the bus or the plane? Which will Michele take? Explain.

Solution Preview :

Prepared by a verified Expert
Microeconomics: A bus ticket between two cities costs 50 and the trip will
Reference No:- TGS0655097

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)