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"There Is No Such Thing as a Free Lunch

Question 47

Multiple Choice

"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.

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