ECON600 Assign 7

ECON600 Assign 7

Complete this essay in a Microsoft Word document, with a minimum of 300 words total, APA formatted and 5% similarity.Make sure you use adequate, credible and reliable APA source 2 citations to support your work.

Samuelson & Marks, Number 8 Page 219.

A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights. 

In the short run (next few months), what measures should the restaurant take to maximize its profits? Explain. 

In the long run (next six months and beyond), how can it maximize its profits? (Assume that the impressive state of demand is permanent).