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The question is in the pictures. There are multiple parts to the question. Question 1: the first two pictures about Juanita multiple parts to the

The question is in the pictures. There are multiple parts to the question.

Question 1: the first two pictures about Juanita multiple parts to the question

9.43.44 and 9.43.53

Question 2: the last picture about bikes

9.44.18

image text in transcribedimage text in transcribedimage text in transcribed
Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $103 for the skirt: Travel Time Each Way Price of a Skirt Store (Minutes) (Dollars per skirt) Local Department Store 15 103 Across Town 30 89 Neighboring City 60 63 Juanita makes $16 an hour at work. She has to take time off work to purchase her skirt, 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 Skirt Total Cost Store (Dollars) ( Dollars per skirt) (Dollars) Local Department Store 103 Across Town 89 Neighboring City 63 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 V . 5. Changes in incentives Suppose the large number of bike accidents in a small town results in new legislation that requires all citizens of the town to wear specialized bike helmets when riding. These new helmets reduce the probability of head trauma by 25% during a bike accident. While the new helmets V the probability of a serious head injury resulting from a bike accident, they also incentivize cyclists to ride V safely, which could V the number of bike accidents and thus head injuries to cyclists

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