Allison is planning to make a sandbox for her children. She has determined the quantity of sand she will need and identified these two options for getting the sand to her house: a. Allison can have all the sand delivered to her yard in one dump truck for $350. b. Allison can make four trips to the garden center with her pickup truck and haul it herself. It will cost her $50 per load for the sand, plus $30 in fuel and truck wear per load. She estimates it will take one hour to haul and unload each load. What is the full cost of each method? Which option is cheaper? How is opportunity cost relevant?

Allison is planning to make a sandbox for her children. She has determined the quantity of sand she will need and identified these two options for getting the sand to her house: a. Allison can have all the sand delivered to her yard in one dump truck for $350. b. Allison can make four trips to the garden center with her pickup truck and haul it herself. It will cost her $50 per load for the sand, plus $30 in fuel and truck wear per load. She estimates it will take one hour to haul and unload each load. What is the full cost of each method? Which option is cheaper? How is opportunity cost relevant?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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