CENGAGE | MINDTAP Module One Quiz Travel Time Each Way Price of a Boots Store (Minutes) (Dollars per boots) Local Shoe Store 15 122 Different Neighborhood in Town 30 96 Rural Outlet 60 80 Ciana earns an hourly wage of $26 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job costs her $26 in lost income. Assume that Ciana's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Ciana incurs no additional costs other than the boots, such as gas. Complete the following table by computing the opportunity cost of Ciana's time and the total cost of shopping at each location. Opportunity Cost of Time Price of a Boots Total Cost Store (Dollars) (Dollars per boots) ( Dollars) Local Shoe Store 122 Different Neighborhood in Town 96 Rural Outlet 80 Assume that Ciana considers both her opportunity costs and the price of boots when making her shopping decision. Ciana will minimize her cost of buying the boots if she shops at the Grade It Now Save & Continue