As you answer the following questions ignore the cost of


Juanita makes $50 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $50 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.

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Econometrics: As you answer the following questions ignore the cost of
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