A Restaurant Hires Cooks and Waiters $\quad$ $\quad$ $\quad$

question 86

Multiple Choice

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: $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Total wumber of meals seived }$
$\begin{array}{c}\begin{array}{c}\text {Number of employees}\\\hline 1\\2\\3\\4\\5\end{array}\begin{array}{c}\text {Cook}\\\hline200\\380\\540\\660\\740\end{array}\begin{array}{c}\text {Waiter's}\\\hline 120\\230\\310\\360\\390\end{array}\end{array}$
Given the above information,and given the fixed payroll,the maximum number of meals that can be served is

• A)240.
• B)670.
• C)850.
• D)1,130.
• E)none of the above

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Definitions:

Recreational Activities

Activities undertaken for pleasure, leisure, and relaxation during free time.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price within a specific time period.

Equilibrium Prices

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to a stable market condition where there is no tendency for change.