I personally don’t get takeout or eat at restaurants but there are certainly many cases in the US where it would be (far) cheaper. You say 2 hours for 3 days (so 40 mins/day or about 5h/week) which I think is on the low side. If you spend an average of 90 minutes a day on everything related to food (grocery shopping, recipes, cooking, cleanup, dishes) that’s 10.5 hr/week. In any case, that’s between 5-10h/week or $75-150/week at $15/hr, enough to pay the extra over groceries for cheap fast food. At $100/hr you could easily buy nicer food with the time savings, much like the GP comment.

But of course the math is different for everyone. Some people love to cook and some hate it. Some people like things that are fairly hard to cook (Korean, Japanese, Indian.) Some people need a different dinner each night and some are happy eating a giant pot of one bulk-cooked thing across days or weeks. Personally, I occasionally cook elaborate dinners, but for weeknights I find that a rice cooker plus frozen vegetables is a nice middle ground. Variety, hot fresh food, nutritious, and also very little time required. That, and eating with friends and family and trading off cooking.