how do restaurants calculate the prices of each dish? Do they accurately do it or just a rough estimate?
In: Economics
Restaurants track costs to make sure the dishes don’t cost them money, but that’s not the price.
The price of restaurant food and -every other thing you buy- isn’t based on the COST. It’s based on what the thing is WORTH. It’s that happy middle ground of “this makes us enough money to keep selling it” and “I’d rather spend money on this than go somewhere else.”
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