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(Solved): Suppose that Ciana is deciding whether or not to buy a pair of sandals that she has been researchin ...
Suppose that Ciana is deciding whether or not to buy a pair of sandals that she has been researching online, and also the best place to make her purchase. Three different stores in the area sell the sandais she likes, but some stores are more convenient for Ciana to reach than others. One option is her local shoe store located only 15 minutes away from where she works, where they charge a marked-up price of \( \$ 114 \) for the sandals:
Ciana earns an hourly wage of \( \$ 36 \) at her job, In order to purchase her sandals she will have to take time off work, so each hour away from her job costs her \( \$ 36 \) in lost income, Assume that Clana's travel time is the same each way (to and from the store) and that it will take her 30 minites once she reaches a store to complete her shopping. Assume throughout the question that Ciana incurs no additional costs other than the saridats, aveh as gas.
Complete the following table by computing the opportunity cost of Cana's bume and the total cost of ahooping at sacth mocition Living the pandals if the aheps at thie