Problem

An individual is planning to take an 800-mile trip between two large cities. Three possi...

An individual is planning to take an 800-mile trip between two large cities. Three possibilities exist: air, rail, or auto. The person is willing to pay $25 for every hour saved in making the trip. The trip by air costs $600 and travel time is 8 hours, by rail the cost is $450 and travel time is 16 hours, and by auto the cost is $200 and travel time is 20 hours.

(a) Which mode is the best choice?

(b) What factors other than cost might influence the decision regarding which mode to use?

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Solutions For Problems in Chapter 2