Which 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."
E)"Watch the pennies, and the pounds will look after themselves."

Question

Quizplus · Accepted Answer

The expression "There is no such thing as a free lunch" best states the idea of opportunity cost, which means that in order to obtain something, one must give up something else. In other words, there are always trade-offs and the cost of any decision is the opportunity forgone. This expression emphasizes that even if something appears to be free, there is always a cost associated with it.

Which of the Following Expressions Best States the Idea of Opportunity