Determining opportunity cost juanita
WebFeb 20, 2024 · Answer: A. store across townExplanation:This is a question about opportunity cost. How much is it really costing Juanita to leave work to buy a dress. ... 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 … 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.
Determining opportunity cost juanita
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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 … 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: …
WebOpportunity 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" WebJun 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 …
WebThe basic formula to calculate opportunity cost is simple: Opportunity cost = The return of the option not chosen – The return of the option chosen. In the business example … WebIf 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 …
WebDetermining 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.
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 … high density foam couch cushion replacementWebDetermining 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. how fast does grass grow from seedWebDetermining 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. high density foam cubeWebDetermining 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 … how fast does gravity travelWeb(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? how fast does groundwater flowWebDetermining 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 high density foam cot mattressWebMar 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 fast does glitter glue dry