Business, 02.09.2020 22:01 tylorroundy

Liza needs to buy a textbook for the next economics class. The price at the college bookstore is $65. One online site offers it for the $55 and another site, for $57. All prices include sales tax. The accompanying table indicates the typical shipping and handling charges for the textbook ordered online. Shipping Method Delivery Time ChargeStandard shipping 3-7 days $3.99Second-day air 2 business days $8.98Next-day air 1 business day $13.98a) What is the opportunity cost of buying online instead of at a bookstore? Note that if you buy the book online, you must wait to get it. b) Show all relevant choices for this student. What determines which of these options the student will choose?

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Liza needs to buy a textbook for the next economics class. The price at the college bookstore is $65...