“There is nothing like a free lunch”, explain the crux of this statement in the light of the concept of “Opportunity Cost”.
Answers
Answer:
if i get an oppurtunity i will not give cost price for oppurnity.....
Answer:
It seems, all are centred on the basic truth … there is no free lunch, …as rightly but disgustedly pointed out.
‘Opportunity cost' option is something which a few can exercise while selecting the lunch table. and that too even taking a risk that the table chosen would certainly be better than the table discarded.
In fact, opportunity cost as the name suggests, lays before us certain borrowing / lending options and to chose the better one (as perceived) for availing maximum benefit,
which may always not necessarily prove to be so. rather put us to bear cost for exercising such wrong option.
Technically, ‘opportunity cost' is to admeasure (out of investment decisions, especially) the loss of potential gain from other alternatives when one alternative is chosen.
Explanation:
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