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

question 246

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 eating in that restaurant.
• B) marginal cost of waiting is greater than the marginal benefit of eating in that restaurant.
• C) management is exhibiting irrational behavior by not considering the marginal cost and the marginal benefit of standing in line by the consumer.
• D) management is making an assumption that other things are equal.

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Definitions:

Prediabetes

A condition with higher than normal blood sugar levels, but not high enough to be classified as type 2 diabetes, indicating a high risk for developing diabetes in the future.

Hypoglycemia

A condition where blood sugar levels drop below the normal range, causing symptoms like dizziness, shaking, and confusion.

Type 2 Diabetes

A chronic condition that affects the way the body processes blood sugar (glucose), characterized by insulin resistance and/or deficiency.

Blindness

is the condition of lacking visual perception due to physiological or neurological factors.