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Maria Has to Choose Between Driving and Taking a Train

question 3

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Maria has to choose between driving and taking a train to destination A. Traveling by train will cost her $400 and will take 4 hours. Driving to destination A takes 6 hours, and the required amount of gasoline costs $250. Her opportunity cost of time is $15 per hour.
-Refer to the scenario above.What is the total cost involved if Maria chooses to travel by train?


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Reimbursed

Reimbursed refers to the act of repaying someone for expenses they have incurred, often related to their employment or agreed upon activities.

Qualified

A term indicating that an individual, account, or investment meets the criteria set by relevant regulations or laws, often for tax purposes or eligibility for certain benefits.

Beverly Hills

A city located in Los Angeles County, California, known for its luxury properties, shopping, and as a residence for many Hollywood celebrities.

Itemized Deductions

Expenses listed individually on a tax return that, if eligible, can reduce taxable income more than the standard deduction.

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