Question: Using only an illustrative graph with no numbers, demonstrate how the decision to offer an all-day breakfast menu would affect the location of the restaurant

Using only an illustrative graph with no numbers, demonstrate how the

Using only an illustrative graph with no numbers, demonstrate how the decision to offer an all-day breakfast menu would affect the location of the restaurant on the (PPF). Assume in both cases that the restaurant is efficient today and would remain so after the all-day breakfast menu was introduced

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1. The concepts that are used to describe social situations are mental constructions.

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.