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 $102 for the suit:
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Q: Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores…
A: Marked up price= $102 Store is 15 minutes away from her place
Q: Complete the table Q(X) TUx MUx TUy MUy 1 10 20 2 18 25 3…
A: Use below formula to fill the table:
The individual needs 15 minutes to travel from her office to the store in order to purchase the dress from the local departmental store. The total time required to travel is thus 30 minutes and the cost of the dress is $102. The hourly wage rate is $18 which means that the individual will lose $9 for traveling to purchase for taking 30 minutes off from the office.
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