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alexira [117]
3 years ago
13

If a restaurateur spends $61 on labor and materials to produce 8 meals and by increasing these costs to $78, he can produce 14 m

eals, and by increasing costs to $95, he can produce 20 meals, in terms of capital and labor, what has he done
History
2 answers:
Goshia [24]3 years ago
7 0

If a restaurateur spends $61 on labor and materials to produce 8 meals, and increase it to  $78, he can produce 14 meals and further increasing costs to $95, he can produce 20 meals. In terms of capital and labor he decreases the cost of capital and labor per meal. From 7.625$ per meal it reduces to 4.75$ per meal

Advocard [28]3 years ago
7 0

Gradpoint: Negative marginal returns.~ Hope this helped.

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