Ten people have dinner together at an expensive restaurant, Business Economics

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Ten people have dinner together at an expensive restaurant

Ten people have dinner together at an expensive restaurant and agree that the total bill will be divided equally among them.

(a) What is the additional cost to any one of them of ordering an appetizer that costs $20? __________

(b) Explain why this may be an inefficient system. __________

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Business Economics: Ten people have dinner together at an expensive restaurant

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