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ce of a Dress Store (Minutes) (Dollars per dress) Local Department Store 15 103 Across Town 30 85 Neighboring City 60 63 Juanita makes $16

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ce of a Dress Store (Minutes) (Dollars per dress) Local Department Store 15 103 Across Town 30 85 Neighboring City 60 63 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 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. Opportunity Cost of Time Price of a Dress Total Cost Store ( Dollars) (Dollars per dress) (Dollars) Local Department Store 103 Across Town 85 Neighboring City 63

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