A Consumer Has Two Basic Choices in Making a Trip

question 113

Multiple Choice

A consumer has two basic choices in making a trip: rent a car for $30.00 a day and spend two days of travel to the destination, or spend $400 for an airplane ticket and fly to the destination in two hours. The marginal utilities of the car rental and the airline ticket are the same. The consumer values time at $5 an hour. The rational consumer will most likely

• A) rent a car.
• B) buy an airline ticket.
• C) find the full cost of the two modes to be equal.
• D) not make the trip.

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Definitions:

Blood Products

Components of blood, such as red blood cells, plasma, platelets, and clotting factors, that are used for transfusions.

Cardiac Arrest

A sudden, unexpected loss of heart function, breathing, and consciousness, usually resulting from an electrical disturbance in the heart.

Autotransfusion

This is a procedure where a person receives their own blood for a transfusion instead of banked donor blood.

Body Mass Index

A numerical computation that compares a person's weight and height to determine if they are underweight, normal weight, overweight, or obese.