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goldenfox [79]
4 years ago
13

Store Travel Time Each Way Price of a Dress

Business
1 answer:
serious [3.7K]4 years ago
4 0

Answer and Explanation:

For the local departmental store

As the person travels 30 minutes but the person sacrificed $36 for an hour at work so here the opportunity cost of the time is $36

For the across town

The person J travel time is 60 minutes ( 30 + 30) and her shopping time is 30 minutes but sacrificed $36

So the opportunity cost is

= 60 minutes + 30 minutes

= 90 minutes

= $54

For the neighbor city

The person J travel time is 120 minutes (120 + 120) and her shopping time is 30 minutes but sacrificed $36

So the opportunity cost is

= 120 minutes + 30 minutes

= 150 minutes

= $90

Now the table is

<u>Store    Opportunity Cost            Price of a Dress      Total Cost </u>

<u>              of Time  </u>

<u>               (Dollars)                          (Dollars per dress)   (Dollars) </u>

Local

Department

Store            36                                   104                         140

Across Town 54                                  87                          141

Neighboring City  90                          80                          170

So she should buy from the local department cost as it contains the minimum cost

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When the price of a movie ticket rises from $6 to $8 for senior citizens, Gary (a senior citizen) decides to go to the movies ev
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Answer:

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Explanation:

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