A person can travel from NY to Philadelphia by plane in one hour. A round trip ticket
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Question:
A person can travel from NY to Philadelphia by plane in one hour. A round trip ticket will cost $250.00. The same trip by bus will take three hours and cost $75.00 round trip.
Which would be the least expensive mode of travel for an attorney who earns $250.00 an hour?
Which would be the least expensive mode of travel for her assistant who earns $25.00 an hour? Explain using marginal analysis.
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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