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Juanita earns an hourly wage of $16 at her jobIn order to purchase her sandals she will have to take time off work, so each
Juanita earns an hourly wage of $16 at her jobIn order to purchase her sandals she will have to take time off work, so each hour away from her job costs her $16 in lost income. Assume that Juanita'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 Juanita incurs no additional costs other than the sandals, such as
Juanita earns an hourfy wage of $16 at her job. In order to purchase her sandals she will have to take time off work, so each hour away from her job costs her $16 in lost income. Assume that Juanita'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 Juanita incurs no additional costs other than the sandals, such as gas. Complete the following table by computing the opportunity cast of Juanta's time and the total cost of shopping at each location. Assume that Juanita considers both her opportunity costs and the price of sandals when making her shopping decision. Juanita will minimize her cost: of buying the sandals if she shops at the Step by Step Solution
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