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A new value menu was rolled out at McDonald's on January 4, 2018 in the United States. It featured a dozen items at various price points: $1, $2 and $3, with four items per price point. [11] Originally, this menu no longer featured fries, which was criticized by Good Mythical Morning along with only a few items at the $1 price point. [12]
The discrepancy noted is thus np − (np + r − 2nb) = 2nb − r. With the riddle's values, 2 × 3 × $1 − $5 = $1. Other values such as r = $20 and b = $6 give an unremarkable discrepancy of 2 × 3 × $6 − $20 = $16. Alternatively, values where b = r / 2n yield no discrepancy. [2]
Then a markup is set for each unit, based on the profit the company needs to make, its sales objectives and the price it believes customers will pay. For example, if a product's price is $10, and the contribution margin (also known as the profit margin) is 30 percent, then the price will be set at $10 * 1.30 = $13. [3]
In this pricing method, retail prices are often expressed as just-below numbers: numbers that are just a little less than a round number, e.g. $19.99 or £2.98. [1] There is evidence that consumers tend to perceive just-below prices (also referred to as "odd prices") as being lower than they are, tending to round to the next lowest monetary unit.
The American Liberty Dollar (ALD) was a private currency produced in the United States. The currency was issued in minted metal rounds (similar to coins), gold and silver certificates, and electronic currency (eLD). ALD certificates are "warehouse receipts" for real gold and silver owned by the bearer.
Level 1 players would assume that everyone else was playing at level 0, responding to an assumed average of 50 in relation to naive play, and thus their guess would be 33 (2/3 of 50). At k-level 2, a player would play more sophisticatedly and assume that all other players are playing at k-level 1, so they would choose 22 (2/3 of 33). [9]
While many executives who take a one-dollar salary also choose not to take any other forms of compensation, a number earn millions more in bonuses and/or other forms of compensation. For example, in 2010–11 Oracle's founder and CEO Larry Ellison made only $1 in salary, but earned over $77 million in other forms of compensation. [31]
In 1977, about 29% of taxpayers checked off the box to contribute $1 of their taxes towards the fund. The level dropped to 19% by 1992 and dropped further to only 3.6% in 2020. [15] This could be because of the increase from $1 to $3 in 1994 and a general lack of understanding of the fund.