Question

You can drive from kansas city to st. louis in five hours. you can fly between both cities in two hours. the price of an airline ticket is $150. the dollar cost of driving between the cities is $50. about what hourly wage would make the ""full"" cost of driving equal the ""full"" cost of flying, where ""full"" cost includes the value of time

Answer 1

For this item, we let x be the hourly wage such that for the total cost of driving and flying be equal, we use the equation
150 + 2x = 50 + 5x
The value of x from the equation above is 33.33.
Thus, the hourly wage for the costs to be equal is approximately $33.33.