One Way to Promote a New Business Is to Offer

question 82

Multiple Choice

One way to promote a new business is to offer free items.If you were to open a new restaurant and offer free food,you 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.

---

Definitions:

Cultural Personality

The collective psychological traits and characteristics of a society or culture, shaping its members' behaviors and attitudes.

Ritual Events

Ceremonial activities performed in a prescribed manner, often for a religious or cultural purpose.

Imitation Training

A learning method where individuals acquire new behaviors or skills by observing and replicating others' actions.

Dependence Training

Child-rearing practices that foster compliance in the performance of assigned tasks and dependence on the domestic group, rather than reliance on oneself.