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There's no such thing as a free lunch

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Introduction

Allison Meyer Mrs. Barber Economics Period 2 20 January 2010 "There is No Such Thing as Free Lunch" "There is No Such Thing as Free Lunch," although is a clich´┐Ż statement, is true. Nothing comes without a price, although whether the price involves money or not, is still there. Corepower Yoga, off Kipling and C-470, offers one free week of yoga to new time customers. The yoga is unlimited for the week and has no strings attached such as continued membership. Although the ad is labeled as free, and monetary it really is, due to trade-offs, benefit/cost analysis, and comparative benefit/cost analysis the free week of yoga comes with a price. ...read more.

Middle

These things could be wrong for a customer making the trade-off a costly thing. Another cost would be whether yoga is worthwhile or not. This is called benefit/cost analysis. Going to yoga involves working out and time and these are costs. Yoga creates a healthier body, more flexibility, more balance, and increased stamina. These are all positives, but take hard work to reach and maintain, which just one free week will not get you. To reach the full potential, a membership will be required, which is a monetary cost. If the addition of a membership is not taken at the end of the week, the yoga that has been done would not be very effective. ...read more.

Conclusion

A gym also offers good workout potential. There are many different machines, work out classes, possibly tanning, and a very upbeat environment. Yoga is just one class and a very relaxed environment. Yoga created relaxation about life, and helps to distress the body, whereas working out just focuses on toning the body. The membership costs are about the same, but Corepower Yoga offers a free week to test out all of the things it has to offer. Nothing comes freely. Corepower Yoga's advertisement offers one free week of yoga to all new users. This is false advertisement, because it is not free. It must be taken into consideration the time, location, hard work, and the schedule of Corepower Yoga. All of these things cost something, although it may not deal with money are very important to the decision of taking up the offer or not. ?? ?? ?? ?? ...read more.

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Here's what a star student thought of this essay

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Response to the question

The essay explores the statement well, making a clear argument that there is no such thing as a free lunch. The right ideas are used, such as cost-benefit analysis and trade-offs however the key one is ignored. Opportunity cost must ...

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Response to the question

The essay explores the statement well, making a clear argument that there is no such thing as a free lunch. The right ideas are used, such as cost-benefit analysis and trade-offs however the key one is ignored. Opportunity cost must be explained here to gain the top marks, as this is the higher level concept which is often misunderstood. I liked how this essay took a different angle, applying the principle to getting a free week at a Yoga club. Being able to transpose the situation will show a stronger understanding.

Level of analysis

The analysis is sound in this essay, but it spends too much time talking about the context of yoga. If I was doing this essay, I would define cost-benefit analysis, then show how it can be applied to Yoga and then argue why it shows there isn't such thing as a free lunch. I would've liked to have seen some numerical analysis here, and this would've fit in nicely with the opportunity cost. The common argument is that if you could be working in the hour you eat lunch, it is therefore not free as it has an opportunity cost of one hour working. This must be explored whenever talking about the economic problem of scarcity and opportunity costs. If the essay wanted to go further, it could explore rationality and whether individuals always consider cost-benefit analysis. For example explaining that impulse buys may not take into account the trade-off would be an interesting argument.

Quality of writing

The essay has a clear structure, defining the argument in the introduction and having a strong conclusion. I like the style here, but it doesn't always seem suited for an economic argument. Rhetorical questions don't have any place in a formal essay, and seeing them suggests you're trying to force an emotive response than using analysis to make a strong argument! Spelling, punctuation and grammar are strong.


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