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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.
Consumer Cellular 2 lines for $60. $60 $65 Save $5. Consumer Cellular is currently offering two phone lines for just $30 per line per month ($60 total) for people who are over 50. We love Consumer ...
The actual solution to this riddle is to add correctly (correct time, correct person and correct location) from the bank point of view which in this case seems to be the problem: First day: $30 in the bank + $20 owner already withdrew = $50. Second day: $15 in the bank + ($15 + $20 owner already withdrew) = $50.
Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...
September 2, 2024 at 4:42 AM. More than 30 Labor Day fashion sales to get you ready for fall — starting at $9. When spring rolls around, we can't wait for summer styles — jean shorts ...
You can get Oprah's favorite Vionic sneakers on sale right now, starting at just $25 (that's over 60% off) Carrie McCabe. Updated September 15, 2024 at 8:23 AM. Oprah's seal of approval is our ...
Saker Mini Chain Saw. $40 $80. See at Amazon. See 31 more. At Tuft & Needle's Labor Day Day sale, for example, you can save up to $700 on mattresses and get 20% off bedding and accessories like ...
Georgia O'Keeffe holds the record for the highest price paid for a painting by a woman. On November 20, 2014 at Sotheby's, the Crystal Bridges Museum of American Art bought her 1932 painting Jimson Weed/White Flower No. 1 for US$44.4 million (equivalent to US$57.2 million in 2023). [14][15] Among the listed top 89, only six are paintings by non ...