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The answer to the question, "Where did the extra dollar come from?” can be found from consecutively adding the bank rest from three different days. This way is correct only if the money owner withdraws every day exact half of the money. Then it will add up. ($25 + $12.50 + $6.25) + $6.25 = $50
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Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. 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 ...
Arbitrage-free price refers to the price at which no price arbitrage is possible. The idea of using multiple discount rates obtained from zero-coupon bonds and discounting a similar bond's cash flow to find its price is derived from the yield curve, which is a curve of the yields of the same bond with different maturities.
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Multi-objective is a type of vector optimization that has been applied in many fields of science, including engineering, economics and logistics where optimal decisions need to be taken in the presence of trade-offs between two or more conflicting objectives. Minimizing cost while maximizing comfort while buying a car, and maximizing ...
McDonald’s diners have not pulled any punches in saying how they feel about the burger behemoth ratcheting up prices to $8 for a chicken sandwich and $18 for a Big Mac meal—a phenomenon they ...
Irreducible fraction. An irreducible fraction (or fraction in lowest terms, simplest form or reduced fraction) is a fraction in which the numerator and denominator are integers that have no other common divisors than 1 (and −1, when negative numbers are considered). [1] In other words, a fraction a b is irreducible if and only if a and b are ...