The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 5

Is it efficient to feed a family using large quantities of frozen "convenience" foods? Under what circumstances could these expensive grocery items provide the least-cost inputs for producing the output of a family dinner? What questionable premise is being used by someone who says that shoppers are wasting money by paying twice as much for convenience foods as they would have to pay for dinner items they prepare themselves?