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. 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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