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Chipotle's CFO said, "We are definitely going to pass this on" as the minimum wage for workers will increase by more than $4 an hour. Restaurants weigh price increases after California raises ...
The solution, said Greg Azzollini, co-owner of Paul and Jimmy’s, an Italian restaurant in New York City, is small price hikes. “I have some customers that come in three or four times a week.
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One restaurant owner in North Carolina is allowing customers to do just that. Dana Parris, 52, owner of Just Cookin in Dallas, told the Gaston Restaurant Owner Lets Customers Name Their Own Price
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
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