I received the letter below from a former student. It's somewhat edited, partly to hide his identity. He gave me his permission to post it. Hey Professor! My wife and I opened a business last fall. Have you ever been to an escape room? They are a fun way to spend an hour and challenge yourself mentally. It's been a great learning experience.I have applied sound economic thinking but I haven't done anything formal. I wanted to implement a tiered pricing structure. The minimum people to book at room is 4 with 8 as the max. I want to charge per person at 4 people and per if you book 8 spots. It incentivizes people to book in larger groups. My wife thought it was too complicated for people. It's
David Henderson considers the following as important: Business Economics
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