Question

In: Economics

YOU WON A TRIP TO LONDON AND PARIS...TRAVEL THE WHOLE OF EUROPE WITH A TRAVEL PASS...

YOU WON A TRIP TO LONDON AND PARIS...TRAVEL THE WHOLE OF EUROPE WITH A TRAVEL PASS AND TAKE THE FAMOUS BULLET TRAIN "EUROSTAR"? THE AWARD IS $20,000.00 AND YOU HAVE ONE MONTH TO SEE THE MAJOR CITIES IN EUROPE, WHERE WOULD YOU GO AND WHY? INCLUDE YOUR BUDGET AND DISCUSS YOUR REASON WITH REAL LIFE EXAMPLES.

Solutions

Expert Solution

By using $20,000, I will prefer the low expensive cities in Europe. As a rational human being I tried to explore most part of Europe using this given amount. Through that I can get more utility comparatively than if I selected one expensive city and used consume the full amount there. I will prefer the given below cities:
Warsaw, Poland: The hotel prices in Warsaw is very cheap; $5- $14 per night. The beer price is around $1.5 to $3.50. The food is also cheap there.
Czech Republic: The average meal price is $4.50- $12 and the hotel price is $15-$21.
Ljubljana, Solvenia: This is one of those little gems, which is a budget friendly spot. It is surrounded with natural beauty. The hotel price is $18-$29 and the beer price is around $2.50-$3.50.
Porto, Portugal: The Medieval architecture where plenty of place to enjoy cheap, delicious and authentic Portuguese food. The rental apartment price is $45-$110.
Berlin, Germany: It is a very affordable and very cheap price for flights.
Athens, Greece: Athens still is fairly affordable. Food and drinks where also very cheap.
Barcelona, Spain: Food and drink are average here. The budget hotel and rental apartment price is $100-$200.
Using this budget, I allotted how much days to spend in every place. I will spend the amount very efficiently.


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