A restaurant currently has two cooks and ten waiters. Cooks earn $10 an hour and waiters earn $5 an hour. The last cook added 40 meals served to total output, while the last waiter added 25 meals served to total output. In order to maximize the number of meals served with a fixed budget, the manager should
A) continue to use two cooks and ten waiters because output is being maximized.
B) should use more cooks and fewer waiters because cooks are more productive than waiters.
C) should use more cooks and fewer waiters because productivity per dollar is higher for cooks than for waiters.
D) should use more waiters and fewer cooks because waiters are paid less than cooks.
E) should use more waiters and fewer cooks because productivity per dollar is higher for waiters than for cooks.
Correct Answer:
Verified
Q67:
A restaurant hires cooks and
Q68:
A restaurant hires cooks and
Q69: A publishing house is using 400 printers
Q70:
Dr. X, an assistant professor
Q71:
A politician, who wants to
Q73:
A metal refining plant emits
Q74:
A restaurant hires cooks and
Q75: If the marginal benefits of increasing study
Q76:
A housecleaning company receives $25
Q77:
A politician, who wants to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents