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Take your time. You have a restaurant and can seat up to 2 5 people. The maximum revenue that you can produce in an hour
Take your time. You have a restaurant and can seat up to people.
The maximum revenue that you can produce in an hour is $this is a function of seating, service and kitchen capacity
Your Revenue function MaxRevenue
That is you have an exponential growth function in revenue, with your Max Revenue as an asymptote. is a measure of your operational
efficiency seating service, kitchen is the number of SEATS you are filling in an hour. So is the total seats filled.
Build your excel model like the one we completed on Monday,
Your seats are the choice variable, and your revenue is the output. calculate the marginal contribution of each seat using your model. What is
the marginal contribution of filling the th seat?
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