How would be break down the scenario in economic terms

Reference no: EM13221665

Economic Decision whether to stay out of town or spent the night. The town is 150 miles from my house which takes 2.5 hours of drive time. The hotel cost $119.00 per night. While I will have 5 hours my time value is $25.00 per hour of non-productive time and approximatly $40.00 worth of gas used to drive back. How would I break down this scenario in economic terms.

Reference no: EM13221665

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