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
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