(See Steps) 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
Question: 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 (budget) of $45 per hour, expects the following from cooks and waiters:
Meals | ||
# Employees | Cooks | Waiters |
1 | 200 | 120 |
2 | 380 | 230 |
3 | 540 | 310 |
4 | 660 | 360 |
5 | 740 | 390 |
- How many cooks and waiters will the restaurant hire?
- How many meals will be served at the optimal choice?
- What is the yield of the last dollar spent on hiring waiters, at the optimal choice?
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