The restaurant currently hires 20 workers to produce 200 meals per day. The daily wage is $50 (per worker), and the price of the meal is $9. The cost of other variable inputs $800 per day. The rental of the restaurant is 500 a day. The marginal cost of the last unit of meal is $30. Should the restaurant continue to operate in the long run and short run? Explain.

Rashmed    3   23.03.2020 01:01    0