From an Economic Perspective, When Consumers Leave a Fast-Food Restaurant

question 153

Multiple Choice

From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the:

• A)marginal cost of waiting is less than the marginal benefit of being served.
• B)marginal cost of waiting is greater than the marginal benefit of being served.
• C)management is exhibiting irrational behaviour by not maximizing profits.
• D)management is making an assumption that other things are equal.

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Definitions:

Social Contact

Interaction between two or more individuals, providing a basis for social relationships and community building.

Borderline Personality

A mental health disorder characterized by unstable moods, behavior, and relationships, often resulting in significant emotional distress.

Avoidant Personality Disorder

A mental health condition characterized by a pervasive pattern of social inhibition, feelings of inadequacy, and hypersensitivity to negative evaluation.

Fear Of Social Rejection

The fear of social rejection involves anxiety about being excluded or disapproved of by others.