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:

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Involves disagreements, disputes or discord between parents and children, often arising from differences in opinions, values, or beliefs.

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The transitional stage of physical and psychological development that occurs between childhood and adulthood, characterized by significant growth and change.

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