Author Question: Sonia works at a restaurant where tips are pooled and divided equally. Anna works at a different ... (Read 369 times)

javeds · **on:** Jun 30, 2018

Sonia works at a restaurant where tips are pooled and divided equally. Anna works at a different restaurant where she keeps the tips her customers leave for her. Which of the following is true?
a. Both work equally hard because their hourly wage from the employer is low, and they can make up for this with tips.
b. Sonia works harder, because she receives the same amount of tips as other workers.
c. Anna works harder, because she works at an expensive restaurant.
d. Anna works harder, because her tips are her private property.
e. Neither of them has an incentive to work hard because tips are a small part of their earnings.

Question 2

The opportunity cost of attending a concert would include:
a. the price you paid for the ticket and the value of your time.
b. the price you paid for the ticket, but not the value of your time.
c. the value of your time, but not the price you paid for the ticket.
d. neither the price of the ticket nor the value of your time.