Question
*Please solve all questions clearly* Fast-food restaurants like McDonalds are replacing cashiers with touch-screen ordering kiosks. Currently, the marginal product of another cashier is 48
*Please solve all questions clearly*
Fast-food restaurants like McDonalds are replacing cashiers with touch-screen ordering kiosks. Currently, the marginal product of another cashier is 48 customers served per hour; the marginal product of another kiosk is 32 customers served per hour. A cashier can be hired for a wage of $15; a kiosk rents for $12.
a. What is the marginal product of labor per dollar?
MPL/W= ?
b. What is the marginal product of a kiosk per dollar?
MPK/R= ?
c. Is McDonalds currently minimizing the cost of serving its customers? Why?
, because MPLW is MPKR.
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