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Natasha2012 [34]
3 years ago
12

Suppose you are considering whether to drive your car or fly about 770 miles to Colorado for a summer vacation . Which costs—fix

ed, variable, or both—would you take into account in making your decision? Would any implicit costs be relevant? Explain.
Business
1 answer:
padilas [110]3 years ago
6 0

Answer:

Explanation:

Depending on the choice of means of transportation to embark on the summer vacation to Colorado

Using of Aircraft

<em>Fixed Costs                                            Variable Costs</em>

<em>Flight Ticket;                                           Food & drinks while waiting at the                         </em>

<em>Fare to the Airport;                                Lounge;</em>

Fare from Airport to Vacation               Cost of coverage (Videos and/or pics)

Location;

Lodging cost

Feeding & drinking costs

Costs of moving around Colorado; e.t.c.

Using Personal Card

Fixed Costs                                                   Variable Costs

Cost of servicing of the car                         <em>Food & drinks while travelling on     </em>

Gasoline                                                       <em>road;</em>

Tolls

<em>There is an implicit cost of forfeiting the use of my personal car for the use of aircraft considering the cost and ease of usage.</em>

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