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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Label popular sports with the countries in which they are the most popular
Answers (1)
Lake Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the segment is eliminated, the building it uses will be sold.
Answers (1)
Shelia was abducted from a school football field, taken to a bank, and forced to withdraw money from an atm machine. afterward, she was left abandoned in a car at a local park. which is the primary crime scene?
Answers (1)
Macrocconomics simply focuses on the annual performance of a particular national economy and ignores it interactions with other national economies around the world A. True B.
Answers (1)
What types of dissonance can disruptive forces create in an organization?
Answers (1)
New Questions in Business
Consider a service company that provides carpet cleaning. Classify the cost of the hourly workers who clean carpets for customers. a. Variable b. Direct
Answers (1)
Work telephone numbers for your coworkers would most likely be found using a. directory assistance b. a company directory c. a yellow pages directory d. none of the above
Answers (1)
During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,300, Job 2 $1,780, Job 3 $1,570, and general factory use $1,350. Prepare a summary journal entry to record factory labor used.
Answers (1)
One widespread trend under way in business today that will affect the goals of the organization you work for is: Select one: a. social intelligence b. new media adaptations c. an increased focus on ethical and socially responsible behavior d.
Answers (1)
A high-profile consulting company chooses its new entry-level employees from a pool of recent college graduates using a five-step interview process.
Answers (1)