Solution-Which would be the least expensive mode of travel

Which would be the least expensive mode of travel

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Question - A person can travel from NY to Philadelphia by plane in one hour. A round trip ticket will cost $250.00. The same trip by bus will take three hours and cost $75.00 round trip. Which would be the least expensive mode of travel for an attorney who earns $250.00 an hour? Which would be the least expensive mode of travel for her assistant who earns $25.00 an hour? Explain using marginal analysis.

Reference no: EM133105194

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Which would be the least expensive mode of travel

Reference no: EM133105194

Reference no: EM133105194

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