HOW IS THE ECONOMIC PERSPECTIVE REFLECTED IN LINES FOR FAST FOOD

22. How is the economic perspective reflected in lines for fast food?Customers select the shortest line because they have perfect information.→ Customers select the shortest line because they believe it will reduce their time cost of obtaining food.Lines will typically be of unequal length because of the inefficiencies in counter service.The set of food choices is often too complex for customers and thus creates long lines. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-01 Define economics and the features of the economic perspective.Topic: Economic perspectivesMultiple Choice Question Topic: Economics