Review the Ledger-Enquirer news article located in Module 8 entitled: "Chick-fil-A begins construction ...". 1. Identify examples of two fixed costs and two variable costs the restaurant may incur once it begins operations. 2. The restaurant expects to hire over 150 employees. Why would employee work scheduling be an important part of this process? *HINT: Be sure to incorporate the concepts of Marginal Product of Labor and Diminishing Marginal Returns of an input in your discussion. The property upon which the new Chick-fil-A is locating has room for at least a couple of moretenants. Vann said he's heard rumors of what else might materialize on the site, but nothingconcrete yet."I'm sure there's not going to be another chicken restaurant there," he said, laughing. "It willprobably be something like a Starbucks or another fast-casual kind of restaurant, something thatreally fits in the vein of Chick-fil-A."Vann noted Chick-fil-A is very selective in where it places a restaurant. The new one, which willemploy 100 to 150 people initially, before settling into its operational groove, is among 102 storesthe Atlanta company is opening this year nationwide, with those locations creating more than 9,000jobs combined.When the construction dust settles and his new restaurant is open, Vann said his two stores couldhave as many as 200 employees altogether between them. That's economic impact on the city, henoted."Obviously, it's a partnership with our community," Vann said. "We don't have an opportunity to behere and really influence and impact our community if folks aren't buying chicken. So we're thankfulthat six days a week people are still coming and supporting Chick-fil-A in the region."Chick-fil-A, unlike most other restaurant and retail chains, is closed on Sundays, giving its employeesa consistent weekend day of rest. That typically helps alleviate turnover among workers.The new location is to have an upgraded interior featuring the company's latest design, along withdrive-thru service. It will have free wi-fi and an indoor play area that includes an interactive sectionfor toddlers.When it does open this summer, the Chick-fil-A on Manchester Expressway also will have thecustomary promotion of giving away a year's supply of meals (52 in all) to the first 100 customers inline at the restaurant. The offer typically has some people camping out all night or standing in linefor hours for the giveaway. Since launching the promotion in October 2003, Chick-fil-A has givenaway $27 million worth of food.Founded in 1967 by the late S. Truett Cathy, Chick-fil-A has grown to more than 2,100 restaurantsin 45 states and Washington, D.C.Read more here: http://www.ledger-enquirer.com/news/business/article136236413.html#storylink=cpy2 Chick-fil-A begins construction onManchester Expressway restaurantBy Tony Adamstadams@ledger-enquirer.comMarch 03, 2017 1:58 PMConstruction is now starting on a new Chick-fil-A restaurant at the intersection of ManchesterExpressway and Armour Road in Columbus, with the popular chain expecting to be serving chickensandwiches and waffle fries there by July."I want to express my heart of appreciation for the Columbus community and just supporting Chick-fil-A so well for over four decades," Alex Vann, the franchise owner-operator of the new location,said Friday. Vann also has owned and operated the Chick-fil-A on Wynnton Road going on nine years.The Chick-fil-A now being built is going on property at 2730 Manchester Expressway that formerlywas home to J.D. Kinders and Off-Price Furniture stores. Columbus businessman Tom Bryan sold thenearly two-acre piece of land for $1.7 million to developers last June, vacating the premises a coupleof months later.From a traffic standpoint, it's a premium site. A Georgia Department of Transportation traffic countshows 35,800 vehicles a day on Manchester Expressway just west of the 1-185 exit. Just east of theinterchange, near Peachtree Mall, the count jumps to 48,900 vehicles per day. Those figures don'tinclude north-south traffic on Armour Road, which connects Manchester Expressway and the busyAirport Thruway area."That's the busiest intersection in the region, Manchester and I-185," Vann said. "It's really anattempt to be near an interstate so that we can serve the community (including traffic to and fromFort Benning) that has supported Chick-fil-A so well since 1973 here in the Chattahoochee Valley,with the first Chick-fil-A that was open at the mall that used to be on Macon Road ColumbusSquare Mall,"Vann said the Chick-fil-A store inside the food court at Peachtree Mall will remain open, with it stillremaining under a lease contract. That location is not operated by Vann, who with the ManchesterExpressway and Wynnton Road restaurants under his belt will join somewhat exclusive franchiseranks within the Atlanta-based company."This is a great opportunity," he said. "It's pretty rare in Chick-fil-A to give (someone) multirestaurants. To get a Chick-fil-A alone is rare, much less to be able to have two. So, yes, it's a bigdeal."

Question

Review the Ledger-Enquirer news article located in Module 8 entitled: &#34;Chick-fil-A begins construction ...&#34;. 1. Identify examples of two fixed costs and two variable costs the restaurant may incur once it begins operations.   2. The restaurant expects to hire over 150 employees.  Why would employee work scheduling be an important part of this process? *HINT: Be sure to incorporate the concepts of Marginal Product of Labor and Diminishing Marginal Returns of an input in your discussion. The property upon which the new Chick-fil-A is locating has room for at least a couple of moretenants. Vann said he's heard rumors of what else might materialize on the site, but nothingconcrete yet.&#34;I'm sure there's not going to be another chicken restaurant there,&#34; he said, laughing. &#34;It willprobably be something like a Starbucks or another fast-casual kind of restaurant, something thatreally fits in the vein of Chick-fil-A.&#34;Vann noted Chick-fil-A is very selective in where it places a restaurant. The new one, which willemploy 100 to 150 people initially, before settling into its operational groove, is among 102 storesthe Atlanta company is opening this year nationwide, with those locations creating more than 9,000jobs combined.When the construction dust settles and his new restaurant is open, Vann said his two stores couldhave as many as 200 employees altogether between them. That's economic impact on the city, henoted.&#34;Obviously, it's a partnership with our community,&#34; Vann said. &#34;We don't have an opportunity to behere and really influence and impact our community if folks aren't buying chicken. So we're thankfulthat six days a week people are still coming and supporting Chick-fil-A in the region.&#34;Chick-fil-A, unlike most other restaurant and retail chains, is closed on Sundays, giving its employeesa consistent weekend day of rest. That typically helps alleviate turnover among workers.The new location is to have an upgraded interior featuring the company's latest design, along withdrive-thru service. It will have free wi-fi and an indoor play area that includes an interactive sectionfor toddlers.When it does open this summer, the Chick-fil-A on Manchester Expressway also will have thecustomary promotion of giving away a year's supply of meals (52 in all) to the first 100 customers inline at the restaurant. The offer typically has some people camping out all night or standing in linefor hours for the giveaway. Since launching the promotion in October 2003, Chick-fil-A has givenaway $27 million worth of food.Founded in 1967 by the late S. Truett Cathy, Chick-fil-A has grown to more than 2,100 restaurantsin 45 states and Washington, D.C.Read more here: http://www.ledger-enquirer.com/news/business/article136236413.html#storylink=cpy2 Chick-fil-A begins construction onManchester Expressway restaurantBy Tony Adamstadams@ledger-enquirer.comMarch 03, 2017 1:58 PMConstruction is now starting on a new Chick-fil-A restaurant at the intersection of ManchesterExpressway and Armour Road in Columbus, with the popular chain expecting to be serving chickensandwiches and waffle fries there by July.&#34;I want to express my heart of appreciation for the Columbus community and just supporting Chick-fil-A so well for over four decades,&#34; Alex Vann, the franchise owner-operator of the new location,said Friday. Vann also has owned and operated the Chick-fil-A on Wynnton Road going on nine years.The Chick-fil-A now being built is going on property at 2730 Manchester Expressway that formerlywas home to J.D. Kinders and Off-Price Furniture stores. Columbus businessman Tom Bryan sold thenearly two-acre piece of land for $1.7 million to developers last June, vacating the premises a coupleof months later.From a traffic standpoint, it's a premium site. A Georgia Department of Transportation traffic countshows 35,800 vehicles a day on Manchester Expressway just west of the 1-185 exit. Just east of theinterchange, near Peachtree Mall, the count jumps to 48,900 vehicles per day. Those figures don'tinclude north-south traffic on Armour Road, which connects Manchester Expressway and the busyAirport Thruway area.&#34;That's the busiest intersection in the region, Manchester and I-185,&#34; Vann said. &#34;It's really anattempt to be near an interstate so that we can serve the community (including traffic to and fromFort Benning) that has supported Chick-fil-A so well since 1973 here in the Chattahoochee Valley,with the first Chick-fil-A that was open at the mall that used to be on Macon Road ColumbusSquare Mall,&#34;Vann said the Chick-fil-A store inside the food court at Peachtree Mall will remain open, with it stillremaining under a lease contract. That location is not operated by Vann, who with the ManchesterExpressway and Wynnton Road restaurants under his belt will join somewhat exclusive franchiseranks within the Atlanta-based company.&#34;This is a great opportunity,&#34; he said. &#34;It's pretty rare in Chick-fil-A to give (someone) multirestaurants. To get a Chick-fil-A alone is rare, much less to be able to have two. So, yes, it's a bigdeal.&#34;

Accepted Answer

Fixed costs: These are costs that do not change with the number of customers served. Examples of…