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 customers and thus creates long lines.

Question

Quizplus · Accepted Answer

The economic perspective suggests that individuals aim to maximize their utility or satisfaction from a given set of options. In the context of fast food lines, customers are likely to choose the shortest line because they believe it will reduce their time cost (an opportunity cost) of obtaining food. This reflects an economic consideration of how individuals make choices based on their preferences and constraints.

How Is the Economic Perspective Reflected in Lines for Fast