Business, 05.11.2019 06:31 xxxxbratt

Aconsumer has two basic choices in making a trip: rent a car for $30.00 a day and spend two days of travel to the destination, or spend $400 for an airplane ticket and fly to the destination in two hours. the marginal utilities of the car rental and the airline ticket are the same. the consumer values time at $5 an hour. the rational consumer will most likely: a. rent a carb. buy an airline ticketc. find the full cost of the two modes to be equald. not make the trip

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