If a campus organization provides a free lunch to all students who show up,then
A) the scarcity problem has been violated.
B) the scarcity problem still applies to the decision to allocate the time to go and eat.
C) the lunch is completely without cost.
D) no trade-offs are involved.
E) it is a free lunch because no price was charged.

Question

Quizplus · Accepted Answer

While the lunch itself may be without cost, the decision to allocate time to attend the lunch still involves a trade-off of time and other activities that could have been pursued during that time. Scarcity still applies to the allocation of time.

If a Campus Organization Provides a Free Lunch to All