A fine-dining restaurant in Sydney that is booked out most nights has found a way to reduce the time it takes to take payment from tables. The restaurant pays cooks and wait staff by the hour. Which stakeholder will benefit the most from this change?

Question

Answer

Customers benefit most because they can leave sooner.

Answer

The bank that provided a loan to the restaurant benefits the most as they will receive more interest.

Answer

The owners benefit most because, on the margin, more customers can be served per night.

Answer

Cooks will benefit most because they will earn more.

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A fine-dining restaurant in Sydney that is booked out most nights has found a wa...

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