Assume that in October you bought a $450 nonrefundable airline ticket to Telluride,Colorado, for a 5-day/4-night winter ski vacation. You now have an opportunity tobuy 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 Telluridevacation would be $300. The price of a hotel room in Telluride is $180 per night. Theprice of a hotel room in Stowe is $150 per night. Which of the following costs is notrelevant in a decision of whether to proceed with the planned trip to Telluride or tochange to a trip to Stowe?a. The $450 airline ticket to Telluride.b. The $400 airline ticket to Stowe.c. The $300 lift ticket for the Telluride vacation.d. The $180 per night hotel room in Telluride.
Assume that in October you bought a $450 nonrefundable airline ticket to Telluride,
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 Telluride
vacation would be $300. The price of a hotel room in Telluride is $180 per night. The
price of a hotel room in Stowe is $150 per night. Which of the following costs is not
relevant in a decision of whether to proceed with the planned trip to Telluride or to
change to a trip to Stowe?
a. The $450 airline ticket to Telluride.
b. The $400 airline ticket to Stowe.
c. The $300 lift ticket for the Telluride vacation.
d. The $180 per night hotel room in Telluride.
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