Estimating the value of time lost driving

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Reference no: EM1382072

1) Determine the assumptions that govern estimates of the value of time lost driving, indicating which assumptions (if any) are more tenable than others. Justify your position.

2) Determine the best way to estimate the value of time. Justify your position.

3) Determine the best way to estimate the cost of a gallon of gasoline. Justify your position.

Reference no: EM1382072

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