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Travel Time Each Way Price of a Suit Store (Minutes) (Dollars per suit) Local Department Store 15 100 Across Town 30 89 Neighboring City 60

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Travel Time Each Way Price of a Suit Store (Minutes) (Dollars per suit) Local Department Store 15 100 Across Town 30 89 Neighboring City 60 72 Juanita makes $34 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $34 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 Suit Total Cost Store (Dollars) ( Dollars per suit) (Dollars) Local Department Store 100 Across Town 89 Neighboring City 72 consideration shone Juanita ball

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