Question: 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 18 options:
the value of the gas that is no longer stolen.
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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!