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Category > Economics Posted 28 Jul 2017 My Price 3.00

Juanita makes $50 an hour at work. She has to take time off work to purchase her dress

Juanita makes $50 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $50 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.
 
 

 

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Status NEW Posted 28 Jul 2017 04:07 PM My Price 3.00

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file 1501258183-Answer.docx preview (87 words )
A-----------nsw-----------er ----------- Th-----------e o-----------ppo-----------rtu-----------nit-----------y c-----------ost----------- of----------- dr-----------ivi-----------ng -----------to -----------eac-----------h l-----------oca-----------tio-----------n i-----------s w-----------hat----------- Ju-----------ani-----------ta -----------giv-----------es -----------up -----------to -----------mak-----------e t-----------he -----------tri-----------p. -----------Get-----------tin-----------g t-----------o t-----------he -----------loc-----------al -----------sto-----------re -----------tak-----------es -----------her----------- 15----------- mi-----------nut-----------es,----------- an-----------d r-----------etu-----------rni-----------ng -----------to -----------wor-----------k t-----------ake-----------s h-----------er -----------15 -----------min-----------ute-----------s (-----------a t-----------ota-----------l o-----------f 3-----------0 m-----------inu-----------tes-----------). -----------Sho-----------ppi-----------ng -----------tak-----------es -----------her----------- an-----------oth-----------er -----------30 -----------min-----------ute-----------s. -----------Sin-----------ce -----------she----------- lo-----------ses----------- $6-----------0 p-----------er -----------hou-----------r b-----------y n-----------ot -----------wor-----------kin-----------g, -----------the----------- op-----------por-----------tun-----------ity----------- co-----------st -----------of -----------her----------- ti-----------me -----------is -----------(0.-----------5*6-----------0) -----------+ (-----------0.5-----------*60-----------) =----------- 60-----------. B-----------eca-----------use----------- th-----------e p-----------ric-----------e s-----------he -----------pay-----------s a-----------t t-----------his----------- st-----------ore----------- is----------- $1-----------22,----------- sh-----------e f-----------ace-----------s a----------- to-----------tal-----------
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