Which of the Following Is NOT a Tangible Cost of Waiting

question 29

Multiple Choice

Which of the following is NOT a tangible cost of waiting lines?

• A)wages paid to workers while the factory remains idle
• B)costs of materials used while waiting
• C)lost sales because customers decided to go elsewhere
• D)lost productivity while workers are idle

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Definitions:

Behavioral Economics

A field that combines insights from psychology and economics to investigate how individuals actually make decisions, challenging the assumption of perfectly rational agents.

Gum

A soft, cohesive substance designed for chewing, made from the sap of certain trees or synthesized materials.

Candy

A sweet tasting confection made from sugar and often combined with fruits, chocolate, or nuts.

Behavioral Economic Theories

A branch of economics that studies how psychological, social, and emotional factors affect economic decisions.