Agatha has $825 to spend on tickets for her trip. She intends to spend the entire amount and prefers traveling first class to traveling second class. Agatha needs to travel a total of 1500 miles. Suppose that the price of first-class tickets is $0.60 per mile and the price of second-class tickets is $0.30 per mile. How many miles will she travel by second class?
Agatha has $825 to spend on tickets for her trip. She intends to spend the entire amount and prefers traveling first class to traveling second class. Agatha needs to travel a total of 1500 miles. Suppose that the price of first-class tickets is $0.60 per mile and the price of second-class tickets is $0.30 per mile. How many miles will she travel by second class?
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 3CQ
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Question
Agatha has $825 to spend on tickets for her trip. She intends to spend the entire amount and prefers traveling first class to traveling second class. Agatha needs to travel a total of 1500 miles. Suppose that the price of first-class tickets is $0.60 per mile and the price of second-class tickets is $0.30 per mile. How many miles will she travel by second class?
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