Which one of the following expressions best states the idea of opportunity cost?
A) "A penny saved is a penny earned."
B) "He who hesitates is lost."
C) "There is no such thing as a free lunch."
D) "All that glitters is not gold."

Question

Quizplus · Accepted Answer

The expression "there is no such thing as a free lunch" best states the idea of opportunity cost as it means that every choice we make has an opportunity cost, in that we have to give up something in order to get something else. In other words, there is no free lunch because everything that we receive has a cost, whether it be time, money, or resources.

Which One of the Following Expressions Best States the Idea