A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following from cooks and waiters: Number of employees Total number of meals served Cooks Waiters 1 200 120 2 380 230 3 540 310 4 660 360 5 740 390 Given the information in the table, at the optimal choice, the last dollar spent on hiring waiters yielded Multiple Choice 6 additional meals. 16 additional meals. 80 additional meals. 60 additional meals. None of the choices is correct.
A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following from cooks and waiters: Number of employees Total number of meals served Cooks Waiters 1 200 120 2 380 230 3 540 310 4 660 360 5 740 390 Given the information in the table, at the optimal choice, the last dollar spent on hiring waiters yielded Multiple Choice 6 additional meals. 16 additional meals. 80 additional meals. 60 additional meals. None of the choices is correct.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who
wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following
from cooks and waiters:
Number of
employees
Total number of meals served
Cooks
Waiters
1
200
120
2
380
230
3
540
310
4
660
360
5
740
390
Given the information in the table, at the optimal choice, the last dollar spent on hiring waiters yielded
Multiple Choice
6 additional meals.
16 additional meals.
80 additional meals.
60 additional meals.
None of the choices is correct.
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