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.
Correct Answer:

Verified
Correct Answer:
Verified
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