McDonald's CEO was considering having breakfast all day rather than ending it at parts of the day. Several owners of McDonald's restaurants stated two logical issues - (1) burger and meats need to be cooked at a higher temperature than eggs, so it would be difficult to set the correct temperature for both; (2) scrambled eggs require employees to continuously stir, while hamburgers don't.
Question A: From an economical standpoint, To determine whether to serve breakfast all day, McDonald's should
a. compare average to total cost of serving breakfast all day.
b. conduct customer surveys on serving breakfast all day.
c. calculate whether serving breakfast all day is large.
d. compare marginal revenue to marginal cost of serving breakfast all day.
e. compare total revenue to total cost of serving breakfast all day
McDonald's CEO was considering having breakfast all day rather than ending it at parts of the day. Several owners of McDonald's restaurants stated two logical issues - (1) burger and meats need to be cooked at a higher temperature than eggs, so it would be difficult to set the correct temperature for both; (2) scrambled eggs require employees to continuously stir, while hamburgers don't.
Question A: From an economical standpoint, To determine whether to serve breakfast all day, McDonald's should
a. compare average to total cost of serving breakfast all day.
b. conduct customer surveys on serving breakfast all day.
c. calculate whether serving breakfast all day is large.
d. compare marginal revenue to marginal cost of serving breakfast all day.
e. compare total revenue to total cost of serving breakfast all day
