Ryanair is considering offering discounted flights from New York to Honolulu. The airline is offering a free round-trip ticket o Hawan to the first 600 people u ho show up at the new Homdulu canunter in the airline's main officT, starting Menday, the first day of basiness. You arrive 24 hours before it is scheduled to open to be sure to get the free tickct, and you buy food from airport vendors whale waiting in line You successfully obcaun the ticket What was the cost to you of obtainang the ticket? the actual valoe of the ticket the cost of food while you waited in line O the cost of fonnd while you warted in line and the opportunity cost of the time you spent in line the actual value of the tacket and the cost of food while you waited in line
Ryanair is considering offering discounted flights from New York to Honolulu. The airline is offering a free round-trip ticket o Hawan to the first 600 people u ho show up at the new Homdulu canunter in the airline's main officT, starting Menday, the first day of basiness. You arrive 24 hours before it is scheduled to open to be sure to get the free tickct, and you buy food from airport vendors whale waiting in line You successfully obcaun the ticket What was the cost to you of obtainang the ticket? the actual valoe of the ticket the cost of food while you waited in line O the cost of fonnd while you warted in line and the opportunity cost of the time you spent in line the actual value of the tacket and the cost of food while you waited in line
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Ryanair is considering offering dascounted flights from New York to Honolulu. The airlıne is offering a free round-trip ticket
ko Hawata to the firu 600 people who show up at the new Hoedulu canunter in the aırline's main officT, starting Menday, the
first day of basiness. You arrive 24 hours before it Es scheduled to open to be sure to get the free ticket, and you buy food from
airport vendors whule waiting in line You successfully cbeaum the ticket What was the cost to you of obtainang the teket
O the actual valae of the ticket
the cost of food while you waited in line
O the cost of ford while yuu wasted in line and the opportunity cost of the time you spent in line
the actual value of the tacket and the cost of food while you waited in line
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