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Suppose in the near future you manage a pizza restaurant, and suppose a new electronic currency, Bitdollar, becomes popular. Your pizzas had been selling for
Suppose in the near future you manage a pizza restaurant, and suppose a new electronic currency, Bitdollar, becomes popular. Your pizzas had been selling for $ If you accept Bitdollar for payment, you will incur a processing cost of $ per transaction. You are considering raising the price of pizza for those who pay with Bitdollar to cover this additional expense. Research in Psychology and Behavioral Economics suggests that the way to increase prices to not appear unfair to customers is: charge $ for all pizza, no matter the method of payment do not post the fee on the menu, but include the fee when giving customers the final bill post menu prices as $ for pizza, with a $ discount for those who pay with cash, credit, or debit cards post menu prices as $ for pizza, with a $ fee for those who pay with Bitdollar
Suppose in the near future you manage a pizza restaurant, and suppose a new electronic currency, Bitdollar, becomes popular. Your pizzas had been selling for $ If you accept Bitdollar for payment, you will incur a processing cost of $ per transaction. You are considering raising the price of pizza for those who pay with Bitdollar to cover this additional expense. Research in Psychology and Behavioral Economics suggests that the way to increase prices to not appear unfair to customers is:
charge $ for all pizza, no matter the method of payment
do not post the fee on the menu, but include the fee when giving customers the final bill
post menu prices as $ for pizza, with a $ discount for those who pay with cash, credit, or debit cards
post menu prices as $ for pizza, with a $ fee for those who pay with Bitdollar
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