*Please use the answer choices below to finish the statement* “There is no such thing as a free lunch” because: There are always opportunity costs Whoever pays for lunch will always make you pay in way Someone must pay for limited resources Price is always greater than zero Scarcity does not always exist
*Please use the answer choices below to finish the statement* “There is no such thing as a free lunch” because: There are always opportunity costs Whoever pays for lunch will always make you pay in way Someone must pay for limited resources Price is always greater than zero Scarcity does not always exist
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter20: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 2CQ
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*Please use the answer choices below to finish the statement*
“There is no such thing as a free lunch” because:
There are always opportunity costs
Whoever pays for lunch will always make you pay in way
Someone must pay for limited resources
Price is always greater than zero
Scarcity does not always exist
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