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matrenka [14]
3 years ago
6

Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $4

2 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 Skirt Total CostStore (Dollars) (Dollars per skirt) (Dollars)Local Department Store 102 Across Town 85 Neighboring City 76 Assume that Juanita takes opportunity costs and the price of the skirt into consideration when she shops. Juanita will minimize the cost of the skirt.
Business
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

It will purchase at the local store at an economic cost of $123

Explanation:

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

place          travel-time Price Cost to travel Economic Cost

local store       30  $ 102.00   $ 21.00   <u> $ 123.00 </u>

across town       60  $ 85.00   $ 42.00   $  127.00

neighboring city 120  $ 76.00   $ 84.00   $ 160.00

*travel-time we multiple the time it took each eway by 2

**The  cost to travle will be Juanitas wages per hour ($42) times the travel-time/ 60

That's because the wages are express in hours and the travel time in minutes so we convert into hours

Then, the economic cost is the sum of the value of the skirt and the lost wages.

<em>Juanita, as a rational consumer will chose to purchase at the lower cost.</em>

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Lena [83]

Answer:

20 million gallons

Explanation

The market quantity supplied can be found by adding the quanirty supplied of the 5 suppliers.

When price is $1.5, tucker supplies 3 million gallons

3 + 10+2 + 5 + 0 = 20

I hope my answer helps you

5 0
3 years ago
An investment company registered under the investment company act of 1940, whose specific purpose is to aid in the promotion and
wel

An investment company registered under the investment company act of 1940, whose specific purpose is to aid in the promotion and development of small businesses, is a business development company.

What is investment?

An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.

According to the company are the registered to the company act of 1940, the business development of the company are the specific purposes of the promotion and the development of the small business.

As a result, the business development company is the company act of 1940.

Learn more about on investment, here:

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5 0
1 year ago
Samuel, Inc. has Accounts Receivable of $110,000 and an Allowance for Doubtful Accounts of $17,000. If it writes-off a customer
Allushta [10]

Answer:

the net account receivable is d.  $93,000

Explanation:

The computation of the net account receivable is shown below:

= (Account receivable - written off amount) - (Allowance for doubtful accounts - written off amount)

= ($110,000 - $1,700) - ($17,000 - $1,700)

= $108,300 - $15,300

= $93,000

Hence, the net account receivable is $93,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
The goal of expansionary fiscal policy with respect to output is to: Multiple Choice increase spending and shift aggregate deman
soldier1979 [14.2K]

Answer:

Increase spending and shift aggregate demand to the right in an effort to reach full employment output.

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The goal of expansionary fiscal policy with respect to output is to reduce the problem of unemployment. In order to let this work, the government must increase its spending or Decrease the tax rate. This will make the Aggregate Demand Curve to the right which is a proof of increasing real Gross Domestic Product (GDP) as well as gradual reduction of unemployment.

8 0
3 years ago
A recent study conducted by Estelle Cosmetics Company showed that heavy users of Estelle's products comprise a small percentage
s344n2d4d5 [400]

Answer: Segmentation by usage

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From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.

7 0
3 years ago
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