site stats

Determining opportunity cost juanita

WebJuanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $16 in lost income. Assume that returning to work … WebOpportunity Cost of Time (Dollars) Price of a Dress Total Cost Store (Dollars per dress) (Dollars) Local Department Store 103 Across Town 87 Neighboring City 64 Assume that Juanita takes opportunity costs and the price of …

Local Dept store opportunity cost of time - Course Hero

WebOpportunity cost = 50 x150/60 = $125 Price = $ 63 Total cost = Price of dress + Opportunity cost = 63 + 125 = $ 188 Juanita will minimize the cost of dress if she buys its from the across town which has the lowest total cost Student review 100% (1 rating) Thorough explanation Clear formatting Easy to follow "Thanks so much" WebWk 1 Quiz 2. Determining opportunity cost Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores … dr chantal sylvie tinfang https://fasanengarten.com

Opportunity Cost Formula Step by Step Calculation

WebJan 13, 2024 · Determining opportunity cost Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go... Posted 3 years ago Recent Questions in Micro Economics Q: WebDetermining opportunity cost Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, 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 $103 for WebJun 24, 2024 · Juanita makes $58 per hour at her work, and her purchase decision includes the opportunity cost of lost wages: total economic cost: local store = $102 + [1/4 hours … dr chantal thomas montpellier

How to Calculate Opportunity Cost with a Simple Formula

Category:Juanita is deciding whether to buy a suit that she wants, as well …

Tags:Determining opportunity cost juanita

Determining opportunity cost juanita

2. Determining opportunity cost Juanita is deciding whether to …

WebApr 15, 2024 · 8124 NE Juanita Dr , Kirkland, WA 98034-3531 is a single-family home listed for-sale at $2,498,000. ... We don’t have enough information to calculate a Zestimate ® for this home. Zestimate history. …

Determining opportunity cost juanita

Did you know?

WebNov 19, 2024 · Calculate the opportunity cost. The opportunity cost is the difference between the most lucrative option and the chosen option. … WebFinally, if Juanita buys her dress at the store in the neighboring city, the opportunity cost of her time is 2.5 hours: 60 minutes to drive there, 30 minutes to shop, and 60 minutes to return to work. The price she pays is $63, so she faces a total cost of $145+$63=$208 $145+$63=$208.

WebFinally, if Juanita buys her dress at the store in the neighboring city, the opportunity cost of her time is 2.5 hours: 60 minutes to drive there, 30 minutes to shop, and 60 minutes to return to work. The price she pays is $67, so she faces a … WebThe basic formula to calculate opportunity cost is simple: Opportunity cost = The return of the option not chosen – The return of the option chosen. In the business example …

WebJan 16, 2024 · As a result, the wage rate per hour, which is $16, equals the opportunity cost of time. As a result, the time opportunity cost is $24 ($16 + $8). Aside from that, buying in a neighboring city saves you $40 ($16+$16+$8) in time. As a result, it may be concluded that Juanita can reduce her overall cost by shopping at a nearby city market. WebOct 1, 2015 · Determining opportunity cost Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it is more convenient for Juanita.. 3. A decision at the …

WebDetermining opportunity cost Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it is more convenient for Juanita to get to some stores than others.

WebFeb 20, 2024 · Answer: A. store across townExplanation:This is a question about opportunity cost. How much is it really costing Juanita to leave work to buy a dress. ... Three stores carry the same skirt, 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 … dr chantal walker gary inWebDetermining opportunity cost Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it is more convenient for Juanita to get to some stores than others. endocarditis profilaxisWebOpportunity Cost of Time (Dollars) Price of a Suit (Dollars per suit) Total Cost (Dollars) Store Local Department Store 112 Across Town 89 Neighboring City 70 Assume that Juanita takes opportunity costs and the price of … dr chantal tinfang ilWebThe total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is $23 14+9=23 Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. dr chantal lutfallah baton rougeWeb1. Determining opportunity cost Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for … dr chantal bergeyWebDetermining opportunity cost 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. dr. chantay bess license numberWebSep 7, 2024 · The price she pays is $ 86 , so she faces a total cost of . $ 45+$86=$131 $ 45 + $ 86 = $ 131 Finally , if Juanita buys her skirt at the … dr. chantal walker gary indiana