Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the early 1 9 9 0 s , before pay at the pump was an option, a gas station decides to force people to

In the early 1990s, before pay at the pump was an option, a gas station decides to force people to pre-pay due to drive-offs. The opportunity cost of this decision may include:
Question 21 options:
the revenue lost because people who pay with cash will pay less than they think their tanks will hold in order to avoid having to return to the store to get change from paying too much
an increase in snack sales because people have to come into the store to pay for gas before pumping.
the gas station attendant not having to look outside for people waving to turn on the pump.
the value of the gas that is no longer stolen.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethics Theory and Contemporary Issues

Authors: Barbara MacKinnon, Andrew Fiala

8th edition

9781305162846, 1285196759, 1305162846, 978-1285196756

More Books

Students also viewed these General Management questions