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In October you bought a $500 nonrefundable airline ticket to Vail, Colorado, for a 5-day/4-night winter ski vacation. You now have an opportunity to buy
In October you bought a $500 nonrefundable airline ticket to Vail, Colorado, for a 5-day/4-night winter ski vacation. You now have an opportunity to buy an airline ticket for a 5-day/4-night winter ski vacation in Stowe, Vermont, for $400 that includes a free ski lift ticket. The price of your lift ticket for the Vail vacation would be $250. The price of a hotel room in Vail is $200 per night. The price of a hotel room in Stowe is $180 per night. In analyzing which vacation you would take, does your incremental analysis favor Vail or Stowe, and by how much (assume you are equally interested in going to both places)? Select one: O a. Vail by $70 b. There is no difference financially to which vacation is chosen c. Stowe by $430 O d. Stowe by $70 o e. Vail by $430
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