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 most customers and thus creates long lines.

Question

Quizplus · Accepted Answer

The economic perspective reflects that customers tend to select the shortest line because they believe it will reduce their time cost of obtaining food. This is based on the concept of rational decision-making where individuals seek to maximize their utility by choosing options that provide the most benefits at the lowest cost. In this case, the cost is their time and the benefit is obtaining food quickly. Customers may not have perfect information about which line will move the fastest, but they make a decision based on their best estimate of which line will be the quickest.

How Is the Economic Perspective Reflected in Lines for Fast