Question: Martin has been asked by Jan to deliver a package on his way home for Christmas break. The trip would take him a total of
Martin has been asked by Jan to deliver a package on his way home for Christmas break. The trip would take him a total of 200 miles out of his way. Jan has offered to pay $40 for the service.
a. What marginal costs of operating his car do you think Martin should consider in deciding to accept or reject Jan’s offer?
b. Identify an opportunity cost to Martin himself that might sway his decision.
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a The extra 200 miles would require additional gas le... View full answer
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