how do restaurants calculate the prices of each dish? Do they accurately do it or just a rough estimate?
In: Economics
There’s nothing “accurate” about the prices on the menu. Restaurants charge whatever they want.
They have a good idea of what it costs them to make each dish, both on a per-unit basis and the overall overhead of running the restaurant (which is a big part of their expenses – it costs a lot to run a restaurant even if everybody orders plain toast). And they’ll tend to put higher prices on the dishes that are more expensive for them to make, so that they don’t get caught out selling a lot of dishes at prices that will make them a loss. But there’s no obligation for them to present individual dishes at prices that correlate with their costs.
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