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Most restaurant costomers tip according to percentage rule-between 15 and 25 percent of the bill. Diners who have dinner and a $20 bottle of wine usually pay the same percentage of the bottle price as diners who order a $100 bottle. Why, when the same efforts must be made to uncork and pour both bottles?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M951837

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