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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.
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 ...
The intravenous dose causing 50% of opioid-naive experimental subjects to die (LD 50) is "3 mg/kg in rats, 1 mg/kg in cats, 14 mg/kg in dogs, and 0.03 mg/kg in monkeys." [ 96 ] The LD 50 in mice has been given as 6.9 mg/kg by intravenous administration, 17.5 mg/kg intraperitoneally, 27.8 mg/kg by oral administration. [ 97 ]
At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an eighth ...
The 2021 New Jersey gubernatorial election was held on November 2, 2021, to elect the governor of New Jersey. Incumbent governor Phil Murphy was first elected in 2017 with 56% of the vote [3] and won re-election to a second term. Murphy and his running mate, Lt. Gov. Sheila Oliver, defeated the Republican ticket of Jack Ciattarelli and Diane ...
The first world record in the men's 50 metres freestyle in long course (50 metres) swimming was recognized by the International Swimming Federation (FINA) in 1976. In short course (25 metres) swimming events the world's governing body recognizes world records since March 3, 1991. The drop in world record times in 2008-2009 coincided with the ...
Los Angeles, [a] often referred to by its initials L.A., is the most populous city in the U.S. state of California.With an estimated 3,820,914 residents within the city limits as of 2023, [8] It is the second-most populous city in the United States, behind only New York City; it is also the commercial, financial and cultural center of Southern California.
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