Suppose You Want to Get to Orlando, Florida, for the Week-Long

question 46

Multiple Choice

Suppose you want to get to Orlando, Florida, for the week-long spring break.You can get there in two and one-half days by bus, and back in another two and one-half days.This will cost you $20 round-trip.You can fly there and back in four hours each way.This will cost $200.Which of the following is not true?

• A)It may be economically rational for you to go by plane rather than by bus.
• B)Depending on what else you can do that week, it may be economically rational for you to not go at all rather than to go by bus.
• C)The true cost of going to Orlando is either the time or the money you spend traveling, whichever it is you value more.
• D)The more you'd enjoy Orlando, the more economically rational it becomes for you to fly there instead of taking the bus.
• E)It is possible that it is rational for you to fly and rational for others to take the bus.

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