g Chelsea can either take a bus or drive to work. A bus pass costs $30 per week, whereas driving costs $70 per week (parking, tolls, gas, etc). A one-way trip to work lasts 24 minutes longer by bus than by car. She works 5 days a week and neither time spent driving nor riding the bus enters her utility directly. Will Chelsea take the bus or drive if her wage rate is $7

If Chelsea takes the bus then it will take 24 minutes longer to reach the work. And since Chelsea works 5 days a week total extra minutes that will be spent while riding bus to work will be equal to

= 24 * 5

= 120 minutes

And 120 minutes is equivalent to = 120/60 = 2 hours.

So in terms of money, taking the wage rate of $7 total money that will be spent not working while taking the bus will be equal to

= Wage rate * Hours spent not working while taking the bus

= $7 * 2

= $14

So, total amount spent not working while taking the bus to work is equal to $14 per week.

And there is also a direct cost for taking the bus is equal to $30 per week.

So total cost associated by taking the bus = Cost of not working while taking the bus + Direct cost for taking the bus

= $14 + $30

= $44

So, total cost associated with taking the bus is equal to $44 per week while the cost for driving car to work is equal to $70 per week.

So, as you can see taking bus to work cost $44 week while taking car to work $70. Now we can clearly see that taking bus to work cost ($70 - $44) = $26.

So, Chelsea must take the bus to work since the cost of taking bus $26 less than the cost of taking car to work.

answer: b 56, 250

explanation:

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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