Questions: Question 13 (1 point) You walk into your favorite store and are thrilled to see they have a buy one get one free sale! Using the concept "there aint no such thing as a free lunch," why the second item would still have a cost associated with it. The store had to pay someone to work there The store had to either make it themselves or buy it from somewhere Even if it there wasn't a financial cost there is still the cost of peoples time All options

Question 13 (1 point)
You walk into your favorite store and are thrilled to see they have a buy one get one free sale! Using the concept "there aint no such thing as a free lunch," why the second item would still have a cost associated with it.
The store had to pay someone to work there
The store had to either make it themselves or buy it from somewhere
Even if it there wasn't a financial cost there is still the cost of peoples time
All options
Transcript text: Question 13 (1 point) You walk into your favorite store and are thrilled to see they have a buy one get one free sale! Using the concept "there aint no such thing as a free lunch," why the second item would still have a cost associated with it. The store had to pay someone to work there The store had to either make it themselves or buy it from somewhere Even if it there wasn't a financial cost there is still the cost of peoples time All options
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Solution

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The answer is: All options.

Explanation:

  1. The store had to pay someone to work there: This highlights the labor cost involved in running the store. Employees need to be compensated for their time and effort, which is a cost that the store incurs.

  2. The store had to either make it themselves or buy it from somewhere: This points to the production or procurement cost. Whether the store manufactures the item or purchases it from a supplier, there is a cost associated with obtaining the product.

  3. Even if there wasn't a financial cost there is still the cost of people's time: This refers to the opportunity cost. Time spent by employees, managers, and even customers has value. For instance, the time an employee spends stocking shelves or assisting customers could be used for other productive activities.

In summary, the concept "there ain't no such thing as a free lunch" implies that even if an item is offered for free to the consumer, there are underlying costs that someone has to bear, whether it's labor, production, procurement, or opportunity costs.

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