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Question : Travel Time Each way Price of a Dress (Minutes) (Dollars : 6601

Travel Time Each way Price of a Dress (Minutes) (Dollars per dress) 103 15 Local Department Store Across Town 63 Neighboring City Juanita makes $16 an hour at work. She has to take time off work to purchase her dress, so eachhour away from work costs her s16 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 depredation 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 locaton. opportunity cost of Time Price of a Dress Total cost (Dollars per dress) (Dollars) (Dollars) Store 103 Local Department Store Across Town 63 Neighboring City Assume that Juanita takes opportunity costs and the price of the dress into consideration when she shops Juanita will minimize the cost of the dress if she buys it from the Grade Now