Economist Milton Friedman is famous for claiming There is no such thing as a free lunch. What

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Economist Milton Friedman is famous for claiming "There is no such thing as a free lunch." What do you think he meant?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:41 AM

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Economist Milton Friedman is famous for remarking that "There is no such thing as a free lunch." Interpret this comment in light of the discussion in Section 8.1.
Use the notion of opportunity cost to explain why Theres no such thing as a free lunch.
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Economist Milton Friedman is famous for claiming There is no such thing as a free lunch. What

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He was simply stating that there are costs associated with ...View the full answer

Microeconomics

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