There is a saying in economics, There is no such thing as a free lunch (hence the
Question:
There is a saying in economics, ‘There is no such thing as a free lunch’ (hence the sub-title for this box). What does this mean?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
That there is always or virtually always an ...View the full answer
Answered By
Niala Orodi
I am a competent and an experienced writer with impeccable research and analytical skills. I am capable of producing quality content promptly. My core specialty includes health and medical sciences, but I can competently handle a vast majority of disciplines.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Economist Milton Friedman is famous for claiming "There is no such thing as a free lunch." What do you think he meant?
-
Leland Industries is the country's fifth-largest producer of bakery and snack goods, with operations primarily located in central Canada. Over the last 10 years, Leland had been one of the most...
-
The sleeper effect implies that perhaps we should not worry too much, about how positively people evaluate a source. Similarly, there is a saying in public relations that any publicity is good...
-
The beam shown below is supported by a pin at A and a roller at B. The weight of the beam is 12 kN and a 15 kN force is applied 3 m to the right of A as shown. Determine the reaction forces at A and...
-
Nathan traded in his 2005 Ford for a new model. One week later, he hit an oily spot in the road on his way to work and skidded into a parked car. The 2005 Ford was insured under the PAP with full...
-
Sherrod, Inc., reported pretax accounting income of $76 million for 2021. The following information relates to differences between pretax accounting income and taxable income:a. Income from...
-
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically attractive?...
-
Selected accounts and related amounts for Gloucester Co. for the fiscal year ended August 31, 2014, are presented in Problem 5-5A. In Problem 5-5A, the following selected accounts and their current...
-
Construct factor trees for each of these numbers. (a) 108 (b) 378 (c) 550
-
Weir's Trucking, Inc. is considering the purchase of a new production machine for $100,000. The purchase of this new machine will result in an increase in earnings before interest and taxes of...
-
Are any other (desirable) goods or services truly abundant?
-
Using equation (1), calculate what would happen - ceteris paribus - to the demand for lamb if: (a) The real price of lamb went up by 10p per kg; (b) The real price of beef went up by 10p per kg; (c)...
-
For the following exercises, find the first term given two terms from an arithmetic sequence. Find the first term or a1 of an arithmetic sequence if a 6 = 12 and a 14 = 28.
-
The United States is a highly developed nation with the highest GDP in the world, one of the highest per capita incomes in the world, and a high standard of living. Write a short essay that describes...
-
The Concept will be: Tariffs This affects the Spirit Business I work in. State and define the most important concept that they have encountered in this course. Elaborate on why you feel that the...
-
What is the MOST likely effect on a developing economy when professional and skilled labour migrate to developed countries?
-
solve the following +9 X8-X N O X-8 lim
-
Solve the inequality 3x 2 -5>-2-
-
What were the main factors behind the globalization of capital markets in the 1980s and 1990s?
-
A bar of a steel alloy that exhibits the stress-strain behavior shown in Figure 6.22 is subjected to a tensile load; the specimen is 375 mm (14.8 in.) long and has a square cross section 5.5 mm (0.22...
-
Helen is buying a $12,375 automobile with a $3000 down payment, followed by 36 monthly payments of $325 each. The down payment is' paid immediately, and the monthly payments are due at the end of...
-
Peter Minuet bought an island from the Manhattoes Indians in 1626 for $24 worth of glass beads and trinkets. The 1991 estimate of the value of land on this island was $12 billion. What rate of return...
-
A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4% of its face value each year. If the bond will be paid off at the end of 10 years, what...
-
the following data ( Use data below since data is not same as textbook ) detergentA = ( 8 4 , 8 3 , 8 7 , 8 5 , 9 4 , 8 9 , 8 9 , 8 3 ) detergentB = ( 7 8 , 8 0 , 8 1 , 8 6 , 8 6 , 8 9 , 6 9 , 7 9 )...
-
solve 85-8 P(X = 5) = 10.99
-
use the normal distribution to approximate a discrete probability distribution. As it happens, the normal distribution becomes an increasingly better approximation to the binomial distribution as n -...
Study smarter with the SolutionInn App