There is no such thing as a free breakfast
I’ve written about this issue before.
Even my fresh Econ 211 students should be able to spot the opportunity costs of this “free breakfast.”
http://www.cnn.com/2009/US/02/03/dennys.grand.slam/index.html?iref=mpstoryview
Here’s more…an excerpt from another article
— WTMJ radio reports an hour’s wait for a table at a Denny’s in Wauwatosa, Wisc.
Hmmmn… an hours worth of time for $5.99 — ok what type of people would we expect in line…
— WJXX radio in Jacksonville, Fla., says managers at one spot on Atlantic Boulevard report as much business as on Christmas Day. They expect more than 800 people to dive in. The radio reports that some students are skipping first hour of classes to grab the free meal.
Ah…perhaps as much a commentary on the value of time as the value of a lecture? Clearly not Econ 211 classes that are being skipped…
— The Dayton Daily News reports full tables at a local diner and a 45-minute wait in a line snaking outside despite 15 degree weather. The newspaper says one group of high school students found the offer impossible to resist. “I got us lost,” said Chris Moore, driver of the group. “We drove around for half an hour looking for it.”
So Chris Moore is willing to spend 1 hour driving in the car and 45 minutes in line in 15 degree weather. Need I say more?
–CT
