Comments on: No such thing as a free lunch … http://7million7years.com/2009/02/16/no-such-thing-as-a-free-lunch/ How to make 7 million in 7 years ... Thu, 24 May 2012 09:20:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Adrian http://7million7years.com/2009/02/16/no-such-thing-as-a-free-lunch/comment-page-1/#comment-2348 Adrian Fri, 20 Feb 2009 22:28:42 +0000 http://7million7years.com/?p=1640#comment-2348 @ Rick - Great point ... In this example, though, I would take the lunch with the 'rich friend' - for the 'cost' of a couple of hours lost pay - any day! What's the opportunity cost of what you might learn from him ... and, he's PAYING YOU in food?! :) @ Rick – Great point …

In this example, though, I would take the lunch with the ‘rich friend’ – for the ‘cost’ of a couple of hours lost pay – any day!

What’s the opportunity cost of what you might learn from him … and, he’s PAYING YOU in food?! :)

]]> By: Rick Francis http://7million7years.com/2009/02/16/no-such-thing-as-a-free-lunch/comment-page-1/#comment-2347 Rick Francis Fri, 20 Feb 2009 21:59:32 +0000 http://7million7years.com/?p=1640#comment-2347 The no free lunch is even worse! Because there is an opportunity cost to the free lunch even if there is no hidden cost. Say there is absolutely no hidden cost in the free lunch- for example a rich friend decides to take you out to lunch for the value of your companionship and that both of you consider this a complete and equitable arrangement. You are still giving up the time for that lunch that you could have been doing something else. You could have eaten at your desk, worked an hour more and earned an hour more of pay. That hour’s worth of pay is the opportunity you have to give up to get your "free" lunch. -Rick The no free lunch is even worse! Because there is an opportunity cost to the free lunch even if there is no hidden cost.
Say there is absolutely no hidden cost in the free lunch- for example a rich friend decides to take you out to lunch for the value of your companionship and that both of you consider this a complete and equitable arrangement.
You are still giving up the time for that lunch that you could have been doing something else. You could have eaten at your desk, worked an hour more and earned an hour more of pay. That hour’s worth of pay is the opportunity you have to give up to get your “free” lunch.
-Rick

]]> By: Josh http://7million7years.com/2009/02/16/no-such-thing-as-a-free-lunch/comment-page-1/#comment-2350 Josh Tue, 17 Feb 2009 17:45:23 +0000 http://7million7years.com/?p=1640#comment-2350 reminds me of college. If you attended a student activity, you would get a "free lunch" but of course the "free lunch" was payed for by your tuition and fees. reminds me of college. If you attended a student activity, you would get a “free lunch” but of course the “free lunch” was payed for by your tuition and fees.

]]> By: Mark http://7million7years.com/2009/02/16/no-such-thing-as-a-free-lunch/comment-page-1/#comment-2349 Mark Mon, 16 Feb 2009 16:33:18 +0000 http://7million7years.com/?p=1640#comment-2349 Looks like these free lunches have hidden agendas. Unfortunately, we are not as logical when being coax by marketing and sales techniques. We need some fake free lunch or fake deal detectors. Looks like these free lunches have hidden agendas. Unfortunately, we are not as logical when being coax by marketing and sales techniques. We need some fake free lunch or fake deal detectors.

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