The implicit cost of time spent on shopping:
A)has decreased because of the growth of single-wage-earner families.
B)has increased because of the decline in average income levels.
C)has increased,contributing to the growth of fast-food restaurants.
D)has decreased,contributing to the growth of convenience stores at gas stations.

Question

Quizplus · Accepted Answer

The implicit cost of time spent on shopping has increased, which has contributed to the growth of fast-food restaurants. This is because as people's time becomes more valuable, they are more likely to seek quicker, more convenient dining options to save time.

The Implicit Cost of Time Spent on Shopping