Determining opportunity cost juanita
WebOpportunity Cost of Time (Dollars) Price of a Suit (Dollars per suit) Total Cost (Dollars) Store Local Department Store 112 Across Town 89 Neighboring City 70 Assume that Juanita takes opportunity costs and the price of … WebNov 19, 2024 · Calculate the opportunity cost. The opportunity cost is the difference between the most lucrative option and the chosen option. …
Determining opportunity cost juanita
Did you know?
WebFinally, if Juanita buys her dress at the store in the neighboring city, the opportunity cost of her time is 2.5 hours: 60 minutes to drive there, 30 minutes to shop, and 60 minutes to return to work. The price she pays is $63, so she faces a total cost of $145+$63=$208 $145+$63=$208. WebSep 7, 2024 · The price she pays is $ 86 , so she faces a total cost of . $ 45+$86=$131 $ 45 + $ 86 = $ 131 Finally , if Juanita buys her skirt at the …
WebMar 9, 2024 · Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. three stores carry the same skirt, but it is 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 $102 for the skirt: 2. determining …
WebDetermining opportunity cost 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 is more convenient for Juanita to get to some stores than others. Web(In relation to Opportunity Costs) An exchange for one thing in return for another Ex: Watching TV instead of doing homework Opportunity Cost: (In relation to Trade-Offs) Value of next highest valued alternative Ex: Enjoyed watching TV but lost a good grade for not doing homework Why/when are Opportunity Costs included in a business decision?
WebJuanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $16 in lost income. Assume that returning to work …
WebFinally, if Juanita buys her dress at the store in the neighboring city, the opportunity cost of her time is 2.5 hours: 60 minutes to drive there, 30 minutes to shop, and 60 minutes to … great clips medford oregon online check inWebJan 13, 2024 · Determining opportunity cost Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go... Posted 3 years ago Recent Questions in Micro Economics Q: great clips marshalls creekWebThe total cost (valued in dollars) of skipping practice and going to the fair (including the opportunity cost of time) is $23 14+9=23 Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. great clips medford online check inWebJun 24, 2024 · Juanita makes $58 per hour at her work, and her purchase decision includes the opportunity cost of lost wages: total economic cost: local store = $102 + [1/4 hours … great clips medford njWebDetermining opportunity cost 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 is 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 great clips medina ohWebDetermining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. great clips md locationsWebOct 1, 2015 · Determining opportunity cost 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 is more convenient for Juanita.. 3. A decision at the … great clips marion nc check in