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2. Juanita is deciding whether to buy a sis'rt that she wants, as well as where to buy it. Three stores carry the same skirt,

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2. Juanita is deciding whether to buy a sis'rt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient tor Juanita to get to some stores than others. For example, she can go to her local store, located 1 5 minutes away from where she works, and pay a markedup price ot$1141or the skirt: Travel Time Each Way Price of a Skirt .............. ........ Juanita makes$ so an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs herd; 30 in lost income. Assume that returning to work takes Juanita the sama amount of time as getting to a store and that it takes her 313 minutes to shop. its you answer the following questions, ignore the cost oi gasoline and depreciation of her car when traveling. Gornptete the iollowing table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Opportunity Cost of Time Price of a Skirt Total Cost Store {Dollars} [Dollars per skirt} Local Departmem Store 3 D 1 14 144 \"n Assume that Juanita takes opportunity costs and the price of the skirt into consideration when she shops. Juanita will minimize the cost of the skirt if she buys it from the . Mature across town El} store in the neighbrtng city C} local department store

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