Economic Decisions In Chapter 1 of the course text, you read about three important decision pitfalls in economic decisions. One of these is the pitfall of ignoring implicit costs. Assume that you are considering a 7-night vacation to Fort Walton Beach, Florida, in March. You estimate the total cost of the trip to Fort Walton Beach at $1,250, including discounted airfare. However, a resort at Myrtle Beach, South Carolina, is offering 3 free nights with a 7-night stay. The advertised value of this special 3-night free offer is $397. In addition, you must use a $200 flight coupon that you received from an airline last December to compensate you for a 6-hour flight delay. After applying the $200 flight coupon and the $397 for the 3 free nights, the total out-of-pocket cost for the trip to Myrtle Beach is $1,100. Submit by Day 7 a 300- to 700-word paper which addresses the following: Based on the total explicit and implicit costs, should you take the trip to Fort W...