A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following from cooks and waiters: 
Given the above information, the manager should hire
A. 2 cooks and 5 waiters.
B. 2 cooks and 4 waiters.
C. 3 cooks and 2 waiters.
D. 3 cooks and 4 waiters.
E. none of the above
Answer: E
You might also like to view...
The role of government in shifting the production possibilities curve to the right is considered:
A) supporting economic growth. B) redistributing income. C) providing certain goods and services. D) enforcing private property rights.
During which decade did the original Phillips curve break down? Also, briefly explain why the original Phillips curve broke during this period
What will be an ideal response?
Explain the collusive pricing model of oligopoly behavior
What will be an ideal response?
In a monopolistic industry, there is(are) ________ firm(s) and ________.
A. many; free entry of new firms B. a single; entry of new firms is blocked C. many; entry of new firms is blocked D. a single; free entry of new firms