At a fancy steak house, what is my $60-$100+ per steak paying for?

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Quality meat? Quality cooking? Staff and other overhead costs? Etc.

In: Economics

44 Answers

Anonymous 0 Comments

For any item at all you are paying for: cost of the ingredients + cost of the labor + markup (as much money as they can add on and still believe that someone will buy it). This is as true for a high end steak as it is for kraft mac & cheese served at Apple Bees.

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