Business, 10.07.2019 17:30 hoboethan

Suppose joe is trying to decide whether to buy a latte at a nearby coffee shop or make a cup of coffee at home. joe would get $5 worth of value from the latte, and the price of a latte at the coffee shop is $3. joe would get $2.50 worth of value from a cup of homemade coffee, and it would cost him $1 to make. what is the opportunity cost to joe of buying a latte at the coffee shop?

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Suppose joe is trying to decide whether to buy a latte at a nearby coffee shop or make a cup of coff...