Problem
1. Explain verbally the statement "There is no such thing as a free lunch" in relation to scarce resources.
2. Which of the following decisions has the greater opportunity cost? Why?
a. A decision to use an undeveloped lot in Tokyo's financial district for an apartment building.
b. A decision to use a square mile in the desert for a gas station.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.