Explore BrainMass
Share

consultant for Woods Restaurants

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

I "think" the attachment is supposed to help!?!??!

Please show work.

You are a consultant for Woods Restaurants.

At the deli counter, during the busy lunch hour (12-1 pm), the amount of sandwiches (Q) that can be made is determined by the number of workers (L). Suppose each worker makes $6 per hour and sandwiches sell for $4. Further, you have observed the number of workers and quantity of sandwiches over several days and have estimated the following production function:

Q = 4L - 0.25L2

a. How many workers should Woods employ during the lunch hour to maximize profits?

(note?consider the value of the marginal product of labor and the marginal revenue product are the same)

b. Compute the maximum profit at Woods.

(note?consider that profit involves Total Revenue and Total Costs)

c. Compute the marginal revenue product of the sixth worker. Explain why it is or is not profit maximizing to hire a sixth worker.

d. Suppose instead that Woods wants to keep the lines as short as possible by maximizing production. How many workers should Woods employ during the lunch hour?

© BrainMass Inc. brainmass.com October 24, 2018, 10:37 pm ad1c9bdddf
https://brainmass.com/economics/production/165090

Attachments

$2.19
See Also This Related BrainMass Solution

Strategy Implementation for California Pizza Kitchen (CPK)

Conduct a strategic analysis of California Pizza Kitchen.

Discuss:
1. mission, vision, SWOT, strategy, and strategic choices
2. structure, systems, people, and culture
3. describe organizational design, key strategic control systems, primary human resources concerns, and cultural factors that have a direct effect on strategy implementation.
4. critically evaluate the fit - or lack of fit - between the company's mission, strategy, and organizational components critical to implementation. Do these components complement the strategy? Why or why not?

response is 1,132 words

View Full Posting Details