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You can either take a train or drive your car to work. A train pass costs $40 per week, whereas driving your car to work costs $480 weekly (parking, tolls, gas, etc.). You spend half-an-hour less on a one-way trip in your car than on a train. How would you prefer to travel to work if your wage rate is $80 per hour? Will you change your preferred mode of transportation if your wage rate rises to $160 per hour? Assume you work five days a week and time spent riding on a train or driving a car does not directly enter your utility.
Please solve the above questions with steps, thanks!
operations management the bookstore at techthe bookstore at tech purchases jackets emblazoned with the school name and
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a core competence or capability emerges incrementally out of industry efforts either to bolster skills that contributed to earlier successes or to respond to customer problems
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