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There are two (2) main inputs in the production of lattes: coffee beans & workers in the coffee shop Workers need to make a decision

There are two (2) main inputs in the production of lattes: coffee beans & workers in the coffee shop

  1. Workers need to make a decision about how much time to spend working in the coffee shop vs. how much time to spend doing other things in life. What "factors" could affect the decision of a worker on how many hours of work they will do in a week?
  2. Suppose a drought strikes the major coffee bean growing region. Using graphics, describe the effect of the drought on the price and quantity of lattes...can you use substitutes?
  3. Explain how the production/marketing decisions made by a particular coffee shop differs under each of the four (4) market structures.

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