"There is no such thing as a free lunch." This statement best reflects the fact that
A) consumers are unwilling to pay for a good unless it provides them with value.
B) an opportunity cost is always present when scarce resources are used to produce a good.
C) it generally requires enormous effort to search out the best place to eat lunch.
D) the value of a good to consumers will decrease as they have more of it.

Question

Quizplus · Accepted Answer

The statement implies that even if something appears free, there is always a cost involved, typically in terms of opportunity cost, which is the value of the next best alternative foregone.

"There Is No Such Thing as a Free Lunch