Based on Massages For You offering a lower one-year membership monthly fee, this is called <u>Trading up.</u>
<h3>What is the Trading Up selling technique?</h3>
Trading up refers to when a customer is subtly encouraged to spend more money on a product because a higher quality is offered against a lower quality.
A single massage here is $75 yet a monthly subscription is $65 per month which would be $780 a year.
This is trading up because the lower monthly price will lead to the person spending more on the yearly subscription as opposed to the single massage.
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Answer:
Depreciable cost per mile= $0.37
Explanation:
Giving the following information:
Purchase price= $38,800
Salvage value= $1,800
Expected to be driven 100,000 miles over its estimated useful life.
<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>
Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles
Depreciable cost per mile= (38,800 - 1,800)/100,000
Depreciable cost per mile= $0.37
According to psychological egoism, all actions are driven by self-interest. In other words, it implies that everyone's behavior, actions, and decisions are driven by self-interest. Additionally, it implies that all decisions must be driven by personal gain.
According to psychological egoism, all actions are driven by self-interest. In other words, it implies that everyone's behavior, actions, and decisions are driven by self-interest. Additionally, it implies that all decisions must be driven by personal gain.
A second defense of psychological egoism contends that people always act selfishly because it makes them feel good. For instance, you might assist a turtle crossing a roadway because, if you didn't, you would be concerned for its safety while doing so.
Learn more about psychological egoism here
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Answer:
Interest payment = Interest rate per period × par value
5.5 percent coupon corporate bond (paid semi-annually)
Interest payment = 1/2 × 0.055 × 1000 = $27.5
6.45 percent coupon Treasury note (Treasury makes semi-annual coupons)
Interest payment = 1/2 × 0.0645 × 1000 = $32.25
Zero coupon bond:
Interest = 0 × 1000 = $0
