A fast-food outlet has the following cost structure.Monthly rent on the outlet building = $10,000Monthly wages of each staff = $1,000Let’s say the restaurant manager has three options.Option A: Hire 20 staff and serve 100 customers per dayOption B: Hire 40 staff and serve 180 customers per dayOption C: Hire 60 staff and serve 250 customers per dayWhich option should he choose? (Assume that his only objective is to minimise cost per customer served.)Option AOption BOption C

The local fast food restaurant employs 12 cashiers at a weekly salary of $250, four cooks at a weekly salary of $325, and two supervisors at a weekly salary of $400. What is the mean salary of the employees at the restaurant?A) $250.00B) $283.33C) $364.28D) $325.00

Question 2:The Express Banquet has two restaurants that are open 24-hours a day. Fixed costs for the tworestaurants together total $459,000 per year. Service varies from a cup of coffee to full meals. Theaverage sales check per customer is $8.50. The average cost of food and other variable costs foreach customer is $3.40. The income tax rate is 30%. Target net income is $107,100.Required.1. Compute the revenues needed to earn the target net income.2. How many customers are needed to break even? To earn net income of $107,100?3. Compute net income if the number of customers is 170,000

A restaurant employees 40 people. Each employee is scheduled to work 150 hours per month and is paid $15 per hour. The restaurant is busy and each employee can work up to an additional 20% of the regular schedule on overtime. Overtime is compensated at 1.5 times the regular wage rate. If all employees worked all regular and all overtime hours in a month, how much would the labour cost be for the month?Multiple Choice$90,000$112,000$105,000$117,000

Multiple Choice QuestionWhich of the following best exemplifies a firm with excess capacity?Multiple choice question.A fast-food restaurant where customers never have to wait to place an order.An auto plant running three full shifts per day to meet customer orders.A convenience store with all its gas pumps in use and customers waiting to gas.A hotel with no rooms for the night.

Consumers might leave a fast-food restaurant without being served because:Multiple Choicethey conclude that the marginal cost (monetary plus time costs) exceeds the marginal benefit.they are misinformed about the marginal cost and marginal benefits of the food being served.the environment is not conducive to a rational choice.the lines waiting for service are not of equal length.