Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For e
Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $112 for the dress:
Store
Travel Time Each Way
Price of a Dress
(Minutes)
(Dollars per dress)
Local Department Store
15
112
Across Town
30
89
Neighboring City
60
70
Juanita makes $26 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $26 in lost income. Assume that returning to work takes Juanita the same amount of time 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 opportunity cost of Juanita's time and the total cost of shopping at each location.
- @
- 2 orders completed
- ANSWER
-
Tutor has posted answer for $30.00. See answer's preview
**** *** ******** *** Juanita *********** **** in *** ******** file below *********** cost is *** ******* ****