@& Safari File Edit View History Cov o Richie Januar;, = PROFILE ORDERS RENTALS COURSES v Study tools College Success Tips Career Success Tips @ 0 Help | i [c]\\o) Bookmarks Window Help ng.cengage.com & Reading: Principles of Economics, Chapter 2 (in... 72 CENGAGE | MINDTAP Module One Quiz Suppose that Juanita is deciding whether or not to buy a pair of sneakers that she has been researching online, and also the best place to make her purchase. Three different stores in the area sell the sneakers she likes, but some stores are more convenient for Juanita to reach than others. One option is her local shoe store located only 15 minutes away from where she works, where they charge a marked-up price of $112 for the sneakers: Store Travel Time Each Way (Minutes) % MindTap - Cengage Learning o Discounted price Juanita's office Original price Price of a Sneakers (Dollars per sneakers) Local Shoe Store Different Neighborhood in Town Rural Outlet 15 30 60 112 98 86 S WedMar6 1:02PM B Brainly.com - For students. By students. Q Search this course 0 X Juanita earns an hourly wage of $42 at her job. In order to purchase her sneakers she will have to take time off work, so each hour away from her job @& Safari File Edit View History Bookmarks Window Help ) & WedMar6 1:02PM ng.cengage.com & Reading: Principles of Economics, Chapter 2 (in... 2% MindTap - Cengage Learning E Brainly.com - For students. By students. Cov R . 2 CENGAGE ' MINDTAP Q' Search this course RELTIET Module One Quiz @ X Different Neighborhood in Town Rural Outlet PROFILE ORDERS Juanita earns an hourly wage of $42 at her job. In order to purchase her sneakers she will have to take time off work, so each hour away from her job costs her $42 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 LS she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the sneakers, such as gas. COURSES v Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Study tools Opportunity Cost of Time Price of a Sneakers Total Cost College Success Tips Store (Dollars) (Dollars per sneakers) (Dollars) Local Shoe Store 112 N Different Neighborhood in Town 98 Career Success Tips Rural Outlet 86 Help Assume that Juanita considers both her opportunity costs and the price of sneakers when making her shopping decision. Juanita will minimize her cost of buying the sneakers if she shops at the v . ', [ESIeT ] [ A Ty Continue without saving