Determining opportunity cost juanita
WebWk 1 Quiz 2. 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 … 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 $67, so she faces a …
Determining opportunity cost juanita
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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 … WebNov 20, 2024 · Determining opportunity cost Juanita is deciding whether to bu. The following table shows different stores,time taken to travel,shopping time,total time taken in shoppoing,opportunity cost,cost of suit and total cost... Posted 2 years ago. Q: 1. A decision at the margin Larry is a hard-working college senior.
WebOpportunity Cost of Time (Dollars) Price of a Dress Total Cost Store (Dollars per dress) (Dollars) Local Department Store 103 Across Town 87 Neighboring City 64 Assume that Juanita takes opportunity costs and the price of … 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 …
WebYou can use the following Opportunity Cost Calculator. Return of Next Best Alternative Not Chosen. The Return of the Option Chosen. Opportunity Cost Formula. Opportunity Cost Formula =. Return of … WebDec 12, 2024 · To determine the opportunity cost of pursuing ProjectZ, TechSmyth runs a projection of the two projects. Currently, ProjectX generates $48,000 per year. It performs the following calculation: …
WebJan 16, 2024 · As a result, the wage rate per hour, which is $16, equals the opportunity cost of time. As a result, the time opportunity cost is $24 ($16 + $8). Aside from that, buying in a neighboring city saves you $40 ($16+$16+$8) in time. As a result, it may be concluded that Juanita can reduce her overall cost by shopping at a nearby city market.
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 … how to report process mediation resultsWebOpportunity cost = 50 x150/60 = $125 Price = $ 63 Total cost = Price of dress + Opportunity cost = 63 + 125 = $ 188 Juanita will minimize the cost of dress if she buys its from the across town which has the lowest total cost Student review 100% (1 rating) Thorough explanation Clear formatting Easy to follow "Thanks so much" how to report prize money on taxesWebDetermining 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 how to report pulse rateWebJuanita 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 … north btmWebJun 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 … how to report psychiatrist malpracticeWebIf you can’t come to a clear conclusion, you can determine your opportunity cost by using a very simple formula: divide what you’ll sacrifice by what you stand to gain if you take … how to report profit sharing on w2WebNov 19, 2024 · Calculate the opportunity cost. The opportunity cost is the difference between the most lucrative option and the chosen option. … north bt