Explain the carl menger theory of the good

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Reference no: EM131789150

Question: You do not need to have seen the movie, the question is based on Carl Menger's Theory of the Good.

In the movie, "Cast Away," Tom Hanks played the character Chuck Noland, who was stranded on a deserted island for four years before he created a makeshift raft and floated to the shipping lanes, where he was rescued. Assume, however, that unknown to Noland, there was a seaworthy boat hidden in a cove on the other side of the island, and the boat had enough fuel to take someone to the shipping lanes. According to Carl Menger's Theory of the Good, would the boat have qualified as a good as far as Noland was concerned? Why or why not?

Reference no: EM131789150

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