Question

Ciana earns an hourly wage of $26 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job

costs her $26 in lost income. Assume that Ciana's travel time is the same each way (to and from the store) and that it will take her 30 minutes once
she reaches a store to complete her shopping. Assume throughout the question that Clana incurs no additional costs other than the boots, such as
gas.
Complete the following table by computing the opportunity cost of Clana's time and the tothe cost of shopping at each location.
Opportunity Cost of Time
(Dollars)
Price of a Boots
(Dollars per boots)
122
105
75
Store
Local Shoe Store
Different Neighborhood in Town
Rural Outlet
Total Cost
(Dollars)
Assume that Clana considers both her opportunity costs and the price of boots when making her shopping decision. Ciana will minimize her cost of
buying the boots if she shops at the

Answer 1

26$ in lost income 30 minutes once she reaches store

Step-by-step explanation: