Question
What would be the impact of each of the following events on the (1) marginal cost and (ii) average cost of making a fast-food hamburger?
What would be the impact of each of the following events on the (1) marginal cost and (ii) average cost of making a fast-food hamburger?
a) Decrease in rents for downtown locations
b) Increase in the minimum wage
c) iPads are introduced to take orders with no change in staffing
d) iPads are introduced to take orders with staffing cut 10 percent
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
