Golden Corral Analysis

591 Words2 Pages

Golden Corral is a very popular all you can eat buffet and one of my personal favorites. With the cost of an all you can eat buffet at $11.99, People often flock to this popular hot spot to take advantage of their variety of entrees, fresh made rolls and decadent deserts. However, Golden Corral like all buffets work on the concept of diminishing marginal value, which states that less satisfaction is gained by consumption of an additional unit. An article called The Economics of All You Can Eat Buffets by Mathew Waller states that buffets make their money by charging a price well above what the average consumer consumes based on the principle that the customer will be at a point of zero marginal utility before they have consumed where

Open Document