Answer to Question #291527 in Microeconomics for Nalyn

Question

Explain the rationale why buffet or all-you-can-eat restaurants offering unlimited meals.

Answer 1

A buffet is a system of serving food in which food is placed in a public area where diners can serve themselves. A buffet offers unlimited food to attract customers and since not all customers are able to meet the fixed price, it therefore helps to maximize profits. Also, buffets also helps to save money by utilizing economies of scale and buying food in bulk.