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waiters/waitresses are paid largely in the tips they receive from customers rather than in wages

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter12: The Supply Of And Demand For Productive Resources

Section: Chapter Questions

Problem 6CQ

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Restaurant waiters/waitresses are paid largely in the tips they receive from customers rather than in wages directly from the restaurant owners. Why? What problem does this pay system solve, and how does it solve that problem?

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