1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s2008m [1.1K]
3 years ago
5

"There is no such thing as a free lunch" is a famous economic expression that means everything has a cost. In 1 or 2 sentences,

describe how this expression relates to opportunity cost.
History
2 answers:
cupoosta [38]3 years ago
8 0
"There ain't no such thing as a free lunch" expresses the idea that even if something seems like it is free, there is always a cost, no matter how indirect or hidden. 
Karolina [17]3 years ago
8 0

The correct answer is: "everything has a cost, if not a explicit one at least a opportunity cost".

The opportunity cost has to be considered when making a decision. It is defined as the value of the best alternative rejected when choosing a certain option. This concept shows that every good/service, even when it is consumed at a zero price, entails a cost. For example, there is a free concert in the street, but the time spent on its consumption is a resource that could be dedicated to an alternative activity that has a value and such value is the opportunity cost.

You might be interested in
Which of the following U.S officials truly enforced the relocation of native Americans
serg [7]

Andrew Jackson enforced the relocation of Native Americans.

8 0
3 years ago
Read 2 more answers
What we can do in the world to prevent future genocides?
katrin2010 [14]

Answer:

not support China, they have Muslim concentration camps that no one's talking about

8 0
3 years ago
Read 2 more answers
Which one is correct A, B, C or D and please be sure ​
spayn [35]
The answer is C for coochie
4 0
3 years ago
Read 2 more answers
2.How did living conditions in cities change during the Second Industrial Revolution? Respond in two or more well-organized para
mixer [17]

The 19th amendment guarantees all American women the right to vote.

4 0
3 years ago
These factors led to World War ll. Select all that apply.
7nadin3 [17]
Conflicting ideologies, depression, division of cultural groups, invasion of Poland
6 0
3 years ago
Read 2 more answers
Other questions:
  • Why was Mesopotamia a good region for farming
    9·1 answer
  • What religion does Sandhya follow
    8·1 answer
  • Who were nativists?
    5·2 answers
  • John Wycliffe and John Hus are important figures of the Protestant Reformation because
    7·1 answer
  • Which of the following best describes life along the Oregon Trail? (1 point)
    14·2 answers
  • How has putin been attempting to take advantage of the complex legacies of the cold war and decolonization in Asia
    9·1 answer
  • What’s the ANSWER PLZ HELP ILL GIVE U BRAINLIEST
    15·2 answers
  • Many people say that the Palmer Raids were an excuse to?
    11·1 answer
  • Egyptian hieroglyphics contained the type of graphic elements
    9·1 answer
  • Horatius fought the Etruscans<br> and lost.<br> True<br> False
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!