You are going to travel from Mythaca to Denver (1,000 miles). There are two choices: Flight

333 is non-stop and takes 3 hours, while Flight 444 requires that you change planes in St.

Louis, with a total time to Denver of 4 hours. The time to change planes in St. Louis is 40

minutes. The difference in flight distance is negligible. Assume that it takes 30 minutes to

drive the 20 miles from your home to the airport and that you must arrive at the airport 85

minutes early to check in. When you land in Denver, it takes 20 minutes to get your luggage

and an additional 40 minutes to ride to the downtown hotel 25 miles from the airport.

(a) What is the percent difference in the air speed for Flights 333 and 444? This excludes the

transfer time in St. Louis.

(b) What is the percent difference in the speed of air travel for Flight 333 and 444? This

includes the transfer time in St. Louis.

(c) What is the percent difference in the total origin-to-destination (home-to-hotel) speed for

Flight 333 and 444?

 

The airfare for the non-stop Flight 333 is $500, whereas the ticket for Flight 444 with the transfer

at St. Louis is $360. Assume that all other costs are the same at $60 and that you value your

time at $50 per hour.

(d) Which flight is cheaper to you? By how much?

(e) Under which conditions would you choose the more expensive flight?

(f) At what value of time (VoT) would the two flights be equally expensive?

AccountingQueen

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Status NEW Posted 10 Oct 2017 07:10 AM My Price 8.00

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