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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Brief Exercise 5-9 Included in Sunland Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $244,000, Pension Liability $383,400, Discount on Bonds Payable $33,800, Unearned Rent Revenue $46,300, Bonds Payable
Answers (1)
Increased optimism about the future will lead to Multiple Choice a. less current investment and more future consumption. b. more current investment and less future consumption. c. more current investment and more future consumption. d.
Answers (1)
Zero growth: Ron Santana is interested in buying the stock of First National Bank. While the bank expects no growth in the near future, Ron is attracted by the dividend income. Last year the bank paid a dividend of $5.65.
Answers (1)
Abel Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Wood Aluminum Hard Rubber Total Sales $500000 $200000 $65000 $765000 Variable expenses 325000
Answers (1)
Morgan Manufacturing recently sold goods that cost $35,000 for $45,000 cash. The journal entries to record this transaction would include: A. a credit to Work-in-Process Inventory for $35,000. B. a debit to Sales Revenue for $45,000. C.
Answers (1)
New Questions in Business
MC Qu. 84 Two investment centers ... Two investment centers at Marshman Corporation have the following current-year income and asset dа
Answers (1)
Which of the following statements about materials is false? Select one: a. The use of direct materials gives rise to a debit to Work-in-Process Inventory. b. Acquisitions of materials are normally charged to the Purchases account. c.
Answers (1)
Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170. During the year, Hannah invested an additional $22,040 and withdrew $39,010.
Answers (1)
Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour.
Answers (1)
The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: Cash balance per bank statement $ 1,115 Cash balance per books (prior to reconciliation) 842 Outstanding check #643 642
Answers (1)