Assume that you are considering a 7-night vacation to Fort Walton Beach, Florida, in March. You estimate the total cost of the trip to Fort Walton Beach at $1,2

Question

. Based on the total explicit and implicit costs, should you take the trip to Fort Walton Beach or to Myrtle Beach? Explain your answer and support it with total cost estimates (explicit plus implicit) for each trip option.

Answer 1

There is nowhere near enough information to answer this question. Where do you live relative to Myrtle Beach, SC and Fort Walton Beach, FL? The estimated cost of a 8-day, 7-night trip to Fort Walton Beach is $1.20 (assuming you're using a comma European-style, which is equivalent to our decimal point).

 

The low estimate for Fort Walton Beach, FL bears repetition! A buck twenty sounds just a touch low. Actually, never mind. Take Myrtle Beach! The Florida site is in the panhandle...NEVER take a vacation in the panhandle of any state.

 

Eric Moline

McMinnville OR