“The Best Things in Life are Free” is a phrase used a lot. It’s found in...

“The Best Things in Life are Free” is a phrase used a lot. It’s
found in many speeches, there are numerous articles in
magazines and online titled “The Best Things in Life are Free,”
The Best Things in Life are Free was a 1956 American musical
movie, and “The Best Things in Life are Free” was a 1992
Grammy-nominated song recorded by Luther Vandross and
Janet Jackson. Make sense of the statement, “The Best Things in
Life are Free” by applying what you have learned about the
marginal and total values.

Expert Solution

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