Question

There is no such thing as a free lunch is a famous economic expression that means everything has a cost. In one or two sentences, describe how this expression relates to opportunity cost.

Answer 1

Step-by-step explanation:

In order to cease an opportunity work effort, resources, money and/or time must be used. Every time we do one thing we need to forgo doing something else and in this way there is an opportunity cost to everything that we do. If we are going to go after receiving the rewards of an opportunity it will because we put effort and resources into that opportunity instead of something else.