One Way to Promote a New Business Is to Offer

question 113

Multiple Choice

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

Assertions

Statements or claims that are often made without proof or evidence, typically used in argumentation.

Authorities

Individuals or organizations that hold a position of power or control in a particular sphere, often within government or institutional structures.

Fundamental Characteristic

A basic or essential attribute that defines or distinguishes an entity or concept.

Scientific Approach

A method of inquiry that uses systematic, empirical, and objective methods to investigate phenomena, form hypotheses, and gather evidence to support or refute them.