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Madeleine Allows Herself $100 Per Month for Purchasing Coffee

Question 7

Multiple Choice

Madeleine allows herself $100 per month for purchasing coffee. The diagram below illustrates the choices available to her. Madeleine allows herself $100 per month for purchasing coffee. The diagram below illustrates the choices available to her.   FIGURE 1- 2 -Refer to Figure 1- 2. For Madeleine, the opportunity cost of one latte is A)  1/4 of a latte. B)  1/4 of a regular coffee. C)  8 regular coffees. D)  4 regular coffees. E)  80 regular coffees. FIGURE 1- 2
-Refer to Figure 1- 2. For Madeleine, the opportunity cost of one latte is


A) 1/4 of a latte.
B) 1/4 of a regular coffee.
C) 8 regular coffees.
D) 4 regular coffees.
E) 80 regular coffees.

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