"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.

Definition of Opportunity Cost- Value of the best alternative given up.

Question

"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.

Definition of Opportunity Cost- Value of the best alternative given up.

anonymous · Answer

Not 100% what your question is.  But yes even if someone offers you a free lunch you have to give something up (maybe some good will you now owe the person or the lunch that you were previously planning on) to partake