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Helen is the logistics coordinator at MAP Law, where she organizes lawyers' travel arrangements for client work. One of the lawyers, Donald, is trying a
Helen is the logistics coordinator at MAP Law, where she organizes lawyers' travel arrangements for client work. One of the lawyers, Donald, is trying a case in Atlanta, 500 miles from the office. His travel options are to either fly or drive. The hotel arrangements in Atlanta have already been made. Here are the travel costs Helen has estimated for each option: Drive Mileage reimbursement ( 1,000 miles total, at $0.59 per mile) Meal reimbursement ( 3 days total, at $40/ day) Fly. Flight ( $280 round trip) Meal reimbursement ( 2.5 days on travel status, at $40/ day) Parking at airport (\$75) Which option is the least costly, given the information above? would be the least costly option. In the end, Donald decides to drive because he's excited about his new car, plus, he thinks the firm owes him for having suffered too many poor flights on previous trips. What is the opportunity cost to the firm for Donald's decision? Opportunity cost Will these opportunity costs show up on the firm's financial statements
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