From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the

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02-09-2020
Business

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From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the

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ewomazinoade ewomazinoade · Answer 1 · 2020-09-02T04:54:03+02:00

Answer:

the marginal cost of waiting is greater than the marginal benefit

Explanation:

Marginal cost is the additional cost as a result of carrying out a particular activity.

Marginal benefit is the additional benefits that accrue to an individual for carrying out an activity

It is assumed that human beings are rational, utility maximisers. They would not continue to carry out an activity if the marginal cost is greater than the benefit