Multiple Choice
How is the economic perspective reflected in lines for fast food?
A) Customers select the shortest line because they have perfect information.
B) Customers select the shortest line because they believe it will reduce their time cost of obtaining food.
C) Lines will typically be of unequal length because of the inefficiencies in counter service.
D) The set of food choices is often too complex for customers and thus creates long lines.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: If the marginal benefits of the output
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the
Q24: An "aggregate":<br>A) treats a collection of specific
Q25: If a production possibilities boundary is a
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" The graph above
Q28: As a consequence of the condition of
Q29: The following economy produces two products. <img
Q30: The term "scarcity" in economics can refer
Q31: The overallocation of resources by society to
Q32: Decreases in product prices causes the consumer's:<br>A)