While fishing in your favorite stream, you glance down and discover a 1-ounce nu
ID: 1164629 • Letter: W
Question
While fishing in your favorite stream, you glance down and discover a 1-ounce nugget of gold. You take it home and discover that a local shop will pay you $1,000 for it. What is the true cost of the gold nugget?
Question 12 options:
1.The true cost of the nugget is not meaningful because only actions have costs.
2.$1,000
3.The cost cannot be determined because beauty is priceless.
4.Nothing because you didn't pay anything for it.
1.The true cost of the nugget is not meaningful because only actions have costs.
2.$1,000
3.The cost cannot be determined because beauty is priceless.
4.Nothing because you didn't pay anything for it.
Explanation / Answer
4.Nothing because you didn't pay anything for it.
Since, it was found for free and I did not incur any charges in procuring it, its cost is zero.
Please like my answer.
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