Business, 03.08.2021 20:00 wilwhe3231

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. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $124 for the dress: Store (Minutes) Travel Time Each Way Price of a Skirt (Dollars per skirt)Local Department Store 15 102Across Town 30 85Neighboring City 60 76Assume 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:. .

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Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores...

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