Your favorite music performer has just announced their upcoming summer tour schedule. On the list of...
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Your favorite music performer has just announced their upcoming summer tour schedule. On the list of stops are Chicago, New York, and Atlanta. You and your friends have organized a road trip to go to all of these performances (hotel, gas, food, ticket prices, etc.). Two days before you leave on your road trip, the musician announces an additional city (St. Louis) to their tour. The added concert cost is not in your original plans, but you would really hate to miss it. Marginal Dilemma Is the marginal benefit of attending the 4th concert worth the added marginal costs in time and money? Use the following facts and research the answers to the questions to help you decide, you will need to use this information to justify your decision in your submission. You plan to start your trip from St. Paul. Chicago is 398 miles from St. Paul and takes about 6hrs to drive there. Chicago to New York is another 790 miles and around a 12 hr drive. New York to Atlanta is 865 miles and takes around 13 hrs 30 mins to get to. . What is the added cost of another ticket? o Use a site like Ticketmaster to look up the cost of a concert you might go see and use that as your price. • What is the added mileage for stopping in St. Louis? • Use google maps to help you figure this out. . ● ● Help Your favorite music performer has just announced their upcoming summer tour schedule. On the list of stops are Chicago, New York, and Atlanta. You and your friends have organized a road trip to go to all of these performances (hotel, gas, food, ticket prices, etc.). Two days before you leave on your road trip, the musician announces an additional city (St. Louis) to their tour. The added concert cost is not in your original plans, but you would really hate to miss it. Marginal Dilemma Is the marginal benefit of attending the 4th concert worth the added marginal costs in time and money? Use the following facts and research the answers to the questions to help you decide, you will need to use this information to justify your decision in your submission. You plan to start your trip from St. Paul. Chicago is 398 miles from St. Paul and takes about 6hrs to drive there. Chicago to New York is another 790 miles and around a 12 hr drive. New York to Atlanta is 865 miles and takes around 13 hrs 30 mins to get to. . What is the added cost of another ticket? o Use a site like Ticketmaster to look up the cost of a concert you might go see and use that as your price. • What is the added mileage for stopping in St. Louis? • Use google maps to help you figure this out. . ● ● Help
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Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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