A busy small business owner is considering purchasing groceries through a premium home delivery service because of its convenience. The service provides the best groceries and costs significantly more than buying groceries in the store, but home delivery is an attractive feature. Examine the opportunity costs and trade-offs%C2%A0of the small business owner choosing to buy groceries through this premium%C2%A0home delivery service. Compare your findings with the opportunity costs and trade-offs if the small business owner were to choose buying groceries in the store instead. Write 3-5 sentences.
The opportunity cost of purchasing groceries through the premium home delivery service is the additional cost incurred by buying the best groceries compared to cheaper alternatives in the store. The trade-off is that the small business owner saves time and effort by not having to physically go to the store. On the other hand, if the owner chooses to buy groceries in the store, the opportunity cost is the convenience and time saved by not using the home delivery service. The trade-off is that the owner may have to compromise on the quality of groceries purchased.
