Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the location. The flight to Washington would cost $500 and take 7 hours. Also if he flies, he would need to rent a car at an additional total cost of $300 (including gas) and drive an additional 3 hours total between the airport and the mountain. If Joab were to drive his Honda Civic from Tallahassee out to Mt. Rainier, the trip would take 50 hours and cost him $400. Other things constant, Joab would choose the flight plus rental car option if and only if the value of his time is at least
a. $80 per hour.
b. $10 per hour.
c. $8 per hour.
d. $2.33 per hour.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the location. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the benefit of 2020 Rogue Sport's Xtronic CVT over conventional automatic transmissions?
Answers (1)
Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single product.
Answers (1)
Which of these arrangements allows one to bypass insurable interest laws
Answers (1)
A jeweler can potentially use two inputs in her handcrafted jewelry: copper or bronze. She finds that when she minimizes her costs, she either uses copper or bronze but not both.
Answers (1)
Determine which moral standard of social responsibility the business is observing. Vivian’s company is considering building a huge new department store in a small town.
Answers (1)
New Questions in Business
What determines whether the buyer is satisfied or dissatisfied with a purchase? a. the relationship between the consumer's expectations and the product's perceived performance b.
Answers (1)
Kramer Manufacturing produces blenders. Its total fixed costs are $30,000. Its variable costs are $55.00 per blender. As production of blenders increases (within the relevant range), fixed costs will
Answers (1)
Richard, age 50, is employed as an actuary. For calendar year 2019, he had AGI of $130,000 and paid the following medical expenses: Medical insurance premiums $5,300 Doctor and dentist bills for Derrick and Jane (Richard's parents) 7,900 Doctor and
Answers (1)
When an agency publishes notice of proposed rulemaking, the notice must include the subject of the proposed rule, the date and time of the proceedings, and the authority for passing the rule?
Answers (1)
An HP-10BII can solve problems with up to 15 beginning-of-year cash flows when there are no consecutive equal cash flows. True / False.
Answers (1)