# Assume that youare considering a 7-night vacation to Fort Wa

Assume that youare considering a 7-night vacation to Fort Walton Beach, Florida, in March. Youestimate the total cost of the trip to Fort Walton Beach at \$1,250, includingdiscounted airfare. However, a resort at Myrtle Beach, South Carolina, isoffering 3 free nights with a 7-night stay. The advertised value of thisspecial 3-night free offer is \$397. In addition, you must use a \$200 flightcoupon that you received from an airline last December to compensate you for a6-hour flight delay. After applying the \$200 flight coupon and the \$397 for the3 free nights, the total out-of-pocket cost for the trip to Myrtle Beach is\$1,100. Based on the total explicit and implicit costs, should you take thetrip to Fort Walton Beach or to Myrtle Beach? Explain your answer and supportit with total cost estimates (explicit plus implicit) for each trip option.

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