Skip to main content

7-night vacation to Fort Walton Beach, Florida, in March

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 Walton Beach or to Myrtle Beach? Explain your answer and support it with total cost estimates (explicit plus implicit) for each trip option.
Assignments must bein APA style and format. Information on APA style is available at theWalden Writing Center.

Comments

Post a Comment

Popular posts from this blog

Netanel (1996) talks about the NIEP theory approach to copyright and the democratic paradigm. Explain the difference between these in your own words. Lessig (2008) talks about read-only (RO) and read/write (RW) culture. How can copyright facilitate both of these?

chapter one Introduction A ‘‘Largely Ignored Paradox’’ The u.s. supreme court has famously labeled copyright ‘‘the engine of free expression.’’1 Copyright law, the Court tells us, provides a vital economic incentive for the creation and distribution of much of the literature, commentary, music, art, and film that makes up our public discourse. Yet copyright also burdens speech. We often copy or build upon another’s words, images, or music to convey our own ideas effectively. We cannot do that if a copyright holder withholds permission or insists upon a license fee that is beyond our means. And copyright does not extend merely to literal copying. It can also prevent parodying, remolding, critically dissecting, or incorporating portions of existing expression into a new, independently created work. Consider The Wind Done Gone, a recent, best-selling novel by African American writer Alice Randall. Randall’s novel revisits the setting and characters of Margaret Mitchell’s classic Civil War...
Post a Comment
Read more

1. Good time management for project managers includes initiating contact with key stakeholders only when there is a valid issue to deal with. -True -False

1. Good time management for project managers includes initiating contact with key stakeholders only when there is a valid issue to deal with. -True -False Click here for more on this paper ……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted 2. A project manager should identify a problem in terms of its alternate solutions so that team members can more easily reach a decision on how to solve the problem. -True -False 3. Networks are mutually beneficial alliances that are generally Click here for more on this paper ……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted governed by the law of: a Supply-demand b Brooks’s law c Reciprocity d A squeaky wheel e Risk-reward Click here for more on this paper ……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted 4...
Post a Comment
Read more

How did life in the British colonies contribute to creating a unique American identity?

How did life in the British colonies contribute to creating a unique American identity? How do you see that identity manifested in modern American society? 200 to 300 words Click here for more on this paper ……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted Assignment status :  Solved by our Writing Team at EssayCabinet.com. MAKE YOUR ORDER
Post a Comment
Read more