Store Opportunity Cost of Time Price of a Skirt Total Cost (Dollars) (Dollars per skirt) (Dollars)Local Department Store        103        Across Town        85        Neighboring City        63         Points:         Close Explanation Explana

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Store
Opportunity Cost of Time
Price of a Skirt
Total Cost
(Dollars)
(Dollars per skirt)
(Dollars)
Local Department Store
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103
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Across Town
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85
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Neighboring City
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63
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Points:
 
 
 
 
Close Explanation
Explanation:
 
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 if she buys it from the selector 1   
 
  • store in the neighboring city
  • local department store
  • store across town
.
 
 
    • 11 years ago
    • 999999.99
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