Explain what conditions must be true for a restaurant

Reference no: EM131053904

Directions: Please write a 1000-1500 word paper in which you address the questions below. Please format your paper according to APA guidelines (including a title page). Make sure to cite your references in a reference section. Please visit the Academic Resource Center for guidelines on using LIRN and APA format.

You walk into a restaurant with a friend for lunch and you notice that you are the only customers there. Your friend comments: "I can't believe they can afford to keep this place open at lunch time, when they only get a handful of clients. It doesn't make sense to stay open for lunch."

Explain what conditions must be true for a restaurant to find it in its best interest to be open for lunch. Which costs are relevant when making the decision to stay open? Consider the cost of rent, equipment, food, and salaries for management, the cooks, and the waiters.

If the restaurant typically had the same number of customers for dinner as it had for lunch, could it continue to operate? Why?

Reference no: EM131053904

Questions Cloud

What is the smallest number of hours : Ying threatens not to work on the project. For Ying's threat to be credible, what is the smallest number of hours that Xavier must contribute to the project? How much time does Xavier contribute? Does Ying work on the project?

Why should entrepreneurship models include ethics : Why should entrepreneurship models include ethics and social responsibility?

Human resource functions at a glance : Based upon your research, prepare a case study about the human resource functions necessary for the 2016 Olympics to be held in Rio de Janeiro, Brazil.

Embark on quantitative easing in early : For quantitative easing, why did Britain, the USA, Japan, the European Monetary Union and others embark on quantitative easing in early 2009 but not Australia?

Explain what conditions must be true for a restaurant : Explain what conditions must be true for a restaurant to find it in its best interest to be open for lunch. Which costs are relevant when making the decision to stay open?

Calculate the number of blocks needed for the file : Calculate the number of blocks needed for the file.

What role did the various layers of aviation security play : What role did the various layers of aviation security play in preventing the attempted attacks after 9/11? Explain - were the effective layers tactical, policy driven, or a combination of both? Explain.

Analysing the important features of qube : After reading further background material on the company and relevant case studies on related companies, prepare a 2300 -2500 word report analysing the important features of Qube, and identify logistics management strategies to resolve the issues

Calculate in msec the average time needed to search : Assume that the records are ordered via some key field. Calculate the average number of block accesses and the average time needed to search for an arbitrary record in the file, using binary search.

User Account

All Pages