tableDifferent Neighborhood in Town,Rural Outlet,
Juanita earns an hourly wage of $ at her job. In order to purchase her boots she will have to take time off work, so each hour awa costs her $ in lost income. Assume that Juanita's travel time is the same each way to and from the store and that it will take her she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the gas.
Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
tableStoretableOpportunity Cost of TimeDollarstablePrice of a BootsDollars per bootstableTotal CostDollarsLocal Shoe Store,,Different Neighborhood in Town,Rural Outlet,,
Assume that Juanita considers both her opportunity costs and the price of boots when making her shopping decision. Juanita will mir buying the boots if she shops at the
