Question

what is time
what is the value of time​

Answer 1

Answer:

In transport economics, the value of time is the opportunity cost of the time that a traveler spends on his/her journey. In essence, this makes it the amount that a traveler would be willing to pay in order to save time, or the amount they would accept as compensation for lost time.

Explanation:

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Answer 2

ANSWERS:

The concept of time is self-evident. An hour consists of a certain number of minutes, a day of hours and a year of days. But we rarely think about the fundamental nature of time.