The owner of Barb’s Burgers has suggested the firm should invest in more modern technology and created a list of potential changes she thinks may be helpful as an investment. She has asked you to analyze the four potential choices and comment on what this would change in terms of cost: 1. Build kiosks in the dining area for people to place their orders without having to interact with a cashier. The kiosks would need also need to be integrated into the point of sales system to track orders for the kitchen Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust the amount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?
The owner of Barb’s Burgers has suggested the firm should invest in more modern
technology and created a list of potential changes she thinks may be helpful as an
investment. She has asked you to analyze the four potential choices and comment on
what this would change in terms of cost:
1. Build kiosks in the dining area for people to place their orders without having to
interact with a cashier. The kiosks would need also need to be integrated into the
point of sales system to track orders for the kitchen
Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust the
amount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?
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