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Consider the following statement made by an economist. the price of ordering lunch in the cafeteria is $8. the lunch costs more than $8 Part

Consider the following statement made by an economist.

"the price of ordering lunch in the cafeteria is $8. the lunch costs more than $8"

Part A: What does the economist mean when they make this statement? Be sure to use the relevant concepts and terminology.

Part B: Provide a brief and generic explanation for when purchasing and eating the lunch at the cafeteria would be the best choice. Use the relevant framework and terminology.

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