User Account

All Pages

Compare cost of new grill and french-fry machine

Assignment Help Microeconomics
Reference no: EM133360751

Business is booming at the local McDonald's restaurant. It is contemplating adding a new grill and french-fry machine, but the day supervisor suggests simply hiring more workers. How should the manager decide which alternative to pursue?

a. Compare the cost of the new grill and french-fry machine to the cost of additional workers. (which one is cheaper?)

b. Compare the additional output of the new grill and french-fry machine to the additional output of more workers. (which one produces more?)

c. Compare the additional output per dollar spent on the new grill and french-fry machine to the additional output per dollar spent on additional workers.

Reference no: EM133360751

Questions Cloud

What role do barcodes play in managing inventory : You are writing a proposal to improve a company's current support procedures with a ticketing system. You have identified the following requirements
Which financing offer should the new homeowner : Which financing offer should the new homeowner choose? Explain which technology you used to solve and each step of your process.
What type of construct might you use to ensure the script : You are developing a script to ensure that the M: drive is mapped consistently to the same network folder on all client workstations. What type of construct
Why are the actions of a first responder critical : Why are the actions of a first responder critical in the context of a forensic investigation? What does chain-of-custody documentation prove?
Compare cost of new grill and french-fry machine : Compare the cost of the new grill and french-fry machine to the cost of additional workers.
Which default port for vnc needs to be monitored : You are updating a procedure that lists security considerations for remote access technologies. One of the precautions is to check that remote access ports have
Discuss the specifications of reiserfs : Discuss the specifications of Reiserfs (examples include journaling, supports compression, supports encryption).
Why might you need to use a virus encyclopedia : Why might a PC infected with malware display no obvious symptoms? Why might you need to use a virus encyclopedia?
Replication of virus with segmented genome : During Antegenic shift the replication of a virus with a segmented genome (influenza virus) may result in new strains of the virus. How?

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe why marginal analysis must be used in decision

Describe why marginal analysis must be used in decision making with examples. Also, give examples of poor decision-making when sunk costs were used to justify choices, and discuss how legal and ethical issues may play a role in making decisions.

  You think demand is elastic but colleague thinks it is

suppose you attend a meeting at work to discuss whether to change the price of your product. you think demand is

  Shift in labor supply and demand curve

Using such areas as producing and information technology or any related industry or areas that have had high job growth rates explain a scenario that would cause a shift in labor supply and demand.

  What clams have been made with in the last five years

What clams have been made with in the last five years? Have all claims been resolved, if not what is the status. Has the Company made any claims? Are there presently any pending claims related to any of the Company's intellectual properties/.

  Is this a violation of the law of supply

The rise in the labour cost increase the price of the Jacket and the quality of the supply remain unchanged.

  How each of these events would affect aggregate demand

You can use monetary and fiscal policies to affect aggregate demand but you cannot affect aggregate supply in the short run. How would you respond to the following scenarios?1. A surprise increase in investment spending 2. Catastrophic floods that ..

  A healthcare provider can use patient information

Which act of congress determines the manner in which a healthcare provider can use patient information?

  Specify and explain the shapes of the marginal-benefit

Specify and explain the shapes of the marginal-benefit and marginal-cost curves and use these curves to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, shou..

  What values or patterns of values are relevant to purchase

Can enough of the people needing the product/service afford it? What values or patterns of values are relevant to purchase and use of the product/service?

  What is the best the manufacturer can do in the instance

What is the best the manufacturer can do in this instance? Assume that the manufacturer can tailor a take-it-or-leave-it offer for each individual retailer, of any form desired.

  Elaborate on the costs and benefits of the policy

In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States.

  Should the existing machine be replaced with the new machine

A machine was installed 5 years ago. Its market value is now $15,000 and is expected to decline by 10%/year over the next five years. It is projected that this machine will be operational for another five years, after which time it will be scrapped (..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd