From an economic perspective,when consumers leave a fast food restaurant because the lines to be served are too long,they have concluded the:
A) marginal cost of waiting is less than the marginal benefit of being served.
B) marginal cost of waiting is greater than the marginal benefit of being served.
C) management is exhibiting irrational behavior by not maximizing profits.
D) management is making an assumption that other things are equal.

Question

Quizplus · Accepted Answer

The consumer has concluded that the marginal cost of waiting (time, discomfort, etc.) is greater than the marginal benefit of being served (satisfaction, convenience, etc.), and therefore decides to leave the fast food restaurant. This decision is rational from an economic perspective, as the individual is maximizing their utility.

From an Economic Perspective,when Consumers Leave a Fast Food Restaurant