The Creator restaurant has replaced cooks and food preparers with a robot. On its website, the company

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The Creator restaurant has replaced cooks and food preparers with a robot. On its website, the company describes the people who work there as “a motley crew of engineers, culinary scientists, human-centered designers, machinists, and tested fabricators.”

a. Is the average wage of people who work at Creator likely to be higher or lower than at typical fast-food restaurants such as McDonald’s? Briefly explain.

b. The owners of Creator hope to expand the firm into a nationwide chain. If they succeed, who is likely to gain from this technological change in how fast-food restaurants operate? Will there be any losers?

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Related Book For  answer-question

Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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