Answered step by step
Verified Expert Solution
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 s before pay at the pump was an option, a gas station decides to force people to prepay due to driveoffs. The opportunity cost of this decision may include:
Question options:
the value of the gas that is no longer stolen.
an increase in snack sales because people have to come into the store to pay for gas before pumping.
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
the gas station attendant not having to look outside for people waving to turn on the pump.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started