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You are determining whether you'd like to take your personal vehicle on a trip or get a plane ticket. You've been weighing the pros and

You are determining whether you'd like to take your personal vehicle on a trip or get a plane
ticket. You've been weighing the pros and cons of each option.
REQUIRED:
(i) Would the cost of gasoline factor into your decision? Explain.
(ii) Would the monthly car payments on your loan factor into your decision? Explain.
(iii) Provide an example of another relevant cost that hasn't been included in (i) or (ii)
above. Explain why that cost is relevant in the analysis.
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