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You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you...

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You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is it still a free good?

Answered Same Day Dec 21, 2021

Solution

David answered on Dec 21 2021
124 Votes
You woke up in the morning and found a one once gold nugget under your pillow. Because you did not incur any sacrifice to obtain the gold, it seems free. Later you find out it is worth $400. If you continue to hold to the gold, rather than sell it is it still a free good?
Answer:
Free goods are...
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