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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.
Coupons can be used to research the price sensitivity of different groups of buyers (by sending out coupons with different dollar values to different groups). Time, location and sizes (e.g. five pound vs. 20 pound bag) [12] affect prices; coupons are part of the marketing mix. [13] So is knowing about the customer. [14] [12]
Liberia is one of the world's poorest countries, with a formal employment rate of 15%. [101] GDP per capita peaked in 1980 at US$496, (~$1,893 in 2024) when it was comparable to Egypt's (at the time). [127] In 2011, the country's nominal GDP was US$1.154 billion, while nominal GDP per capita stood at US$297, the third-lowest in the world. [128]
Ireland (/ ˈ aɪər l ə n d / ⓘ, IRE-lənd; Irish: Éire [ˈeːɾʲə] ⓘ; Ulster-Scots: Airlann [ˈɑːrlən]) is an island in the North Atlantic Ocean, in Northwestern Europe.
The country had a 2019 Forest Landscape Integrity Index mean score of 5.95/10, ranking it 90th globally out of 172 countries. [139] Some 3,700 plant species have been identified in the country, from which to date 23 have been declared natural monuments, 74 extinct, 39 endangered, 171 vulnerable, and 1,253 rare. [140]
Georgia [c] is a country in Eastern Europe and West Asia. [14] [15] [16] It is part of the Caucasus region, bounded by the Black Sea to the west, Russia to the north and northeast, Turkey to the southwest, Armenia to the south, and Azerbaijan to the southeast. Georgia covers an area of 69,700 square kilometres (26,900 sq mi). [17]
Prince George's County (often shortened to PG County or PG) [2] [3] is located in the U.S. state of Maryland bordering the eastern portion of Washington, D.C. As of the 2020 U.S. census, the population was 967,201, [5] making it the second-most populous county in Maryland, behind neighboring Montgomery County.
Taiwan, [II] [i] officially the Republic of China (ROC), [I] is a country [26] in East Asia. [l] The main island of Taiwan, also known as Formosa, lies between the East and South China Sea in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south.