It takes one hour to travel from New York City to Washington, D.C., by air, but it

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It takes one hour to travel from New York City to Washington, D.C., by air, but it takes five hours by bus.

If the airfare is $110 and the bus fare is $70, which would be cheaper for someone whose opportunity cost of travel time is $6 per hour? For someone whose opportunity cost is $10 per hour? $14 per hour?

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Asim farooq

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