One of the main tenets of economic analysis is that people act in their own self interest.
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One of the main tenets of economic analysis is that people act in their own self interest. Why then do people leave tips in restaurants? If a study were to compare the size of tips earned by servers in restaurants on interstate highways with those in restaurants near residential neighborhoods, what would you expect to find? Why?
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When a customer comes into a restaurant in the US they have an implicit contract ...View the full answer
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ESWARA RAO DIMMIRI
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Related Book For 
Managerial Economics and Organizational Architecture
ISBN: 978-0073375823
5th edition
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
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