Question

Driginal price Travel Time Each Way (Minutes) 15 30 Price of a Dress (bollers per dress) 103 Store Local Department Store Neighboring City 53 Juanita makes 16 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of tieme as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling Complete the following table by computing the opportwnity cost of Juanita's time and the total cost of shopping at each location Opportunity Cost of Time (Dollars) Price of a Dress Total Cost Store (Dollars per dress) (Dolars) Local Department Store 103 85 63 Neighboring City that Juanita takes opportunity costs and the price of the dress into consideration when she shops. Juanita wil minimize the cost of the dress it she buys it from the

Answer 1