Other things constant the minimum value of ones time that


An airline ticket from Seattle to Miami costs $760. A bus ticket costs $360. Traveling by plane will take 6 hours, compared with 26 hours by bus. Other things constant, the minimum value of one's time that would induce a rational individual to fly rather than drive would be... the answer is $20 per hour but I don't know how they got that.

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Business Management: Other things constant the minimum value of ones time that
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