Edith is the owner and manager of a small coffee shop that employs three workers who use the one coffee machine to make and serve coffee to paying customers. Business has begun to pick up; lines are getting longer everyday in her shop. She sees her employees scrambling to take orders, get cups, fill coffee from the coffee machine, add cream and sugar, and serve customers in a timely manner. She figures if she hires three more employees she’ll be able to sell twice as much coffee. Do you think she’s likely to be right? Why or why not? theowner, and managera Small Cofree Shop that emPlays threeWorkers Who use the Shop's one CokfeeMachine to make and serve Coffee toPaling Customers, Business has bequn toREie ue, lyus are getting longer everyday inher shae, On a básy frern.hg, She s&sher employees SCrAmbling take orders,get Curs, fill Coktee Frbm the Cot#ee máchine,ádd Cream and Sugar, and Serve Customersin a timely man&. "Sne fqures She hiresPhree more emplwees She'll obe able to Selltwise as much Cottee. Do cbuyouof Way3. Edith 1sofay to be right ? Whythink She'snot?

Edith is not right in her view. The reason for this is explained in the next step.

Answered: Edith is the owner and manager of a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Edith is the owner and manager of a small coffee shop that employs three workers who use the one coffee machine to make and serve coffee to paying customers. Business has begun to pick up; lines are getting longer everyday in her shop. She sees her employees scrambling to take orders, get cups, fill coffee from the coffee machine, add cream and sugar, and serve customers in a timely manner. She figures if she hires three more employees she’ll be able to sell twice as much coffee. Do you think she’s likely to be right? Why or why not?