Elucidate using economic terms

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Reference no: EM139321

Q1. Business is booming at a local fast food restaurant. It is contemplating adding a new grill and machine of French fry but day supervisor suggests simply adding more workers. Explain how should the manager decide which alternative to pursue? Illustrate what would happen if too more labor is hired without an addition to capital? Elucidate using economic terms.

Q2. "Physician assistants have long argued that they have the ability to provide as more as 70 percent of the medical services provided by primary care physicians at a lower cost. Yet government regulations limit their ability to work independently of physicians. Elucidate Illustrate what would happen to the level of competition in the physician services market if all the statues limiting the activities of physician assistants were eliminated".

Reference no: EM139321

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