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Question: juanita makes 56 an hour at work she has to...

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Juanita makes $56 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $56 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 Juanitas time and the total cost of shopping at each location. Opportunity Cost of Time Price of a S Total Cost (Dollars) (Dollars) Local Department Store Across Town Neighboring City (Dollars per suit) 100 86 63 Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the Grade It Now Save & Continue Continue without saving

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