Solved

Madeleine Allows Herself $100 Per Month for Purchasing Coffee

Question 20

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. If Madeleine chooses to allocate all $100 to buying lattes, we can say that her opportunity cost in one month is A)  zero because she stayed within her budget. B)  20 cups of regular coffee. C)  40 cups of regular coffee. D)  zero because she bought what she desired. E)  80 cups of regular coffee. FIGURE 1- 2
-Refer to Figure 1- 2. If Madeleine chooses to allocate all $100 to buying lattes, we can say that her opportunity cost in one month is


A) zero because she stayed within her budget.
B) 20 cups of regular coffee.
C) 40 cups of regular coffee.
D) zero because she bought what she desired.
E) 80 cups of regular coffee.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions