One Way to Promote a New Business Is to Offer

question 113

Multiple Choice

One way to promote a new business is to offer free items.If Jayleen were to open a restaurant and offer free food,she likely would have a line out the door.How would an economist understand the behavior of those standing in line?

• A) Those waiting in line place a high value on the use of their time.
• B) Those waiting in line believe that the marginal cost of waiting in line exceeds the marginal benefit of waiting in line.
• C) Those waiting in line place a low value on the use of their time.
• D) Those waiting in line believe that the marginal cost of waiting in line is zero.
• E) Those waiting in line believe that the marginal benefit of waiting in line is zero.

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Definitions:

Online Connections

Relationships or networks formed through digital platforms or the internet.

Boilerplate Text

Standardized and often repetitive text used in documents or electronic forms where the main content remains unchanged.

Boilerplate Text

Standardized sections of text used in documents or electronic forms that are unchanged across similar documents.

Systematize

The process of organizing or arranging methods and processes in a systematic order to improve efficiency.