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Unit 1 Assignment

The document analyzes the decision-making process for coffee shop owners regarding the addition of plant-based milk alternatives, utilizing concepts of marginal analysis and diminishing marginal utility. It emphasizes the importance of weighing extra costs against extra benefits to make informed choices, while also recognizing that customer demand for these options may decline over time. The author reflects on personal experiences with marginal analysis to illustrate its relevance in both business and everyday life.

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0% found this document useful (0 votes)
4 views5 pages

Unit 1 Assignment

The document analyzes the decision-making process for coffee shop owners regarding the addition of plant-based milk alternatives, utilizing concepts of marginal analysis and diminishing marginal utility. It emphasizes the importance of weighing extra costs against extra benefits to make informed choices, while also recognizing that customer demand for these options may decline over time. The author reflects on personal experiences with marginal analysis to illustrate its relevance in both business and everyday life.

Uploaded by

emberwadee25
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

PLANT-BASED

MILK
ALTERNATIVES
IN COFFEE
SHOPS
Hsu Lai Wadee
BUS 1103 : Microeconomics

Date: 2nd Feb 2026


Plant-Based Milk Alternatives in Coffee Shops – Critical Analysis and

Marginal Decision-Making

Introduction

Running a coffee shop today means keeping up with what customers want. Recently, I’ve noticed

more people asking for plant-based milk like almond milk and oat milk. As the owner, I can’t

just add things to the menu without thinking about the costs and benefits. That’s where marginal

analysis and diminishing marginal utility come in. These concepts help me figure out if offering

plant-based milk is worth it, and they also remind me that customer excitement doesn’t stay the

same forever.

1. Using Marginal Analysis in the Coffee Shop

Marginal analysis is basically looking at the “extra”, the extra cost versus the extra benefit of a

decision (Shapiro et al., 2023). In this case, I’d ask: if I add almond milk, how much extra money

will I make, and how much extra will it cost me?

The extra benefits could be:

 More customers who want plant-based options.

 Happier(satisfied) regulars who feel like I’m listening to them.

 The chance to charge a little more for specialty drinks.

The extra costs would be:

 Almond and oat milk are more expensive than regular dairy.

 They spoil faster, so I risk wasting money if demand isn’t steady.


 My staff needs training to handle new ingredients.

So, if the extra revenue is higher than the extra costs, then it’s a smart move. For example, if oat

milk brings in $300 more per week but costs $200 to stock and train staff, I’m still ahead by

$100. Marginal analysis helps me avoid guessing and instead make decisions based on clear

trade-offs.

2. Diminishing Marginal Utility and Why It Matters

Diminishing marginal utility means that the more of something people consume, the less

satisfaction they get from each extra unit (Shapiro et al., 2023). Think of it like this: the first oat

milk latte a customer tries might feel amazing, but by the tenth one, it’s just normal.

For my coffee shop, this matters because I shouldn’t assume demand will keep growing forever.

At first, plant-based milk might be exciting, but over time, the “wow factor” fades. If I stock too

many options such as, almond, oat, soy, coconut, I’ll spend more money than the satisfaction I’m

creating.

Instead, I should start small, maybe with almond and oat milk, since they’re popular. Then I can

watch how customers respond. If demand stays strong, I can add more. If not, I avoid wasting

money. Diminishing marginal utility reminds me that more isn’t always better, and variety should

be balanced with cost.

3. Real-Life Reflection on Marginal Analysis

I’ve actually faced a similar situation in my own life. When I was deciding whether to buy a new

laptop, I had to think about marginal analysis. The benefits were faster performance, saving time

on assignments, and less stress. The costs were the high price and the risk of debt.
By comparing the two, I realized that if the time saved each week was worth more than the

money spent, then the purchase was justified. In the end, I bought the laptop because the benefits

outweighed the costs. This is the same logic I’d use in the coffee shop: don’t just look at the

total, look at the “extra” benefit versus the “extra” cost.

Conclusion

The coffee shop scenario shows how economic concepts apply to real life. Marginal analysis

helps me decide rationally by comparing extra benefits and costs. Diminishing marginal utility

reminds me that customer excitement decreases over time, so I should expand carefully. And my

personal laptop decision proves how marginal analysis works outside of business too. By

thinking this way, I can make smarter choices that balance customer needs with financial reality.
References

Shapiro, D., MacDonald, D., Greenlaw, S. A., Dodge, E., Gamez, C., Jauregui, A., Keenan, D.,

Moledina, A., Richardson, C., & Sonenshine, R. (2023). Principles of microeconomics (3rd ed.).

OpenStax. [Link]

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