1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KatRina [158]
3 years ago
13

Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it i

s 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 suit:Determining opportunity cost JuanitaStore Travel Time Each Way (Minutes) Price of a Suit (Dollars per suit) Local Department Store 15 103Across Town 30 88Neighboring City 60 63Juanita makes $16 an hour at work. She has to take time off work to purchase her suit, 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.Store Travel Time Each Way (Minutes) Price of a Suit (Dollars per suit)Local Department Store 103 Across Town 88 Neighboring City 63Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the:_______
Business
1 answer:
Gre4nikov [31]3 years ago
7 0

Answer:

The lower economic cost will be going to neighboring city as the difference in price make it worth lossing those working hours.

Explanation:

As all placed will add the same half hour for shopping we should ignore and calculate based in the difference in the price of the suit and distance travel

We should add up the opportunity cost of the labor wage lost to go destination and go back.

Local department 103 dollars + 15 minutes x 2 ( back and forth) x $16 per hour = 103 + 8 = $ 111

Across town 88 dollars + 30 min x 2 x $16 per hour

88 + 16 =   $ 104

Neighboring city $63 + 1 hours x 2 x $16 per hour

$63 + $32 = $95

<u><em>The lower economic cost </em></u>will be going to neighboring city as the difference in price make it worth lossing those working hours.

You might be interested in
One who buys, stores, and resells large quantities of goods
wel

Answer:

Merchant

Explanation:

They are profiters

5 0
3 years ago
To create meaningful on social media content that will resonate with audiences, businesses engage in ______________, which is th
Margaret [11]

Answer:

I think the answer ought to be B. Social listening

Explanation:

By definition social listening is Social media measurement, 'social media monitoring' or social listening is a way of computing popularity of a brand or company by extracting information from social media channels. So that seems to be the best fit.

5 0
3 years ago
A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with
Lapatulllka [165]

The initial outlay for the project after depreciation is loss of $26,700.

<h3>What is  depreciation?</h3>

Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.

Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.

Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.

To know more about  depreciation follow the link:

brainly.com/question/1203926

#SPJ4

8 0
2 years ago
At the ________ level of an organization, functional managers focus on monitoring and controlling operational-level activities a
stellarik [79]

Answer:

A

Explanation:

Middle-level managers, or middle managers, are those in the levels below top managers. Middle managers' job titles include: General manager, Regional manager, and Divisional manager. etc.

Middle-level managers are responsible for carrying out the goals set by top management. Middle managers may also communicate upward, by offering suggestions and feedback to top managers. However, at the managerial level, of the organization, all functional managers, which are called the midlevel managers, focus on automation of the monitoring and controlling of the operational-level activities and provide information to higher levels of the organization. They in turn, they improve the organizational effectiveness.

5 0
3 years ago
How did the apple2 device worked
AlladinOne [14]
Just like the casual phone with memory strip and a crop base and all other parts
7 0
3 years ago
Other questions:
  • A random sample of 12 lunch orders at noodles and company showed a mean bill of $12.99 with a standard deviation of $4.6. find t
    5·1 answer
  • Which of the following is not a characteristic of monopolistic competition?
    13·1 answer
  • Infrastructure is the basic structure used to support an entire __________. A. city B. economy C. government D. population asap
    13·2 answers
  • __________ is credited with being the first restaurant to franchise.
    12·1 answer
  • EA6.
    8·1 answer
  • How did Apple become successful?
    13·1 answer
  • A note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,
    9·2 answers
  • On January 30, 2014, your parents lent you $400. On January 30, 2015, you repaid the loan by writing your parents a check for $4
    8·1 answer
  • Department S had no work in process at the beginning of the period. It added 13,000 units of direct materials during the period
    6·1 answer
  • Ptarmigan Company produces two products. Product A has a contribution margin of $85.80 and requires 11 machine hours. Product B
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!