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  2. Utility maximization problem - Wikipedia

    en.wikipedia.org/wiki/Utility_maximization_problem

    If the consumers income is increased their budget line is shifted outwards and they now have more income to spend on either good x, good y, or both depending on their preferences for each good. if both goods x and y were normal goods then consumption of both goods would increase and the optimal bundle would move from A to C (see figure 5).

  3. Glove problem - Wikipedia

    en.wikipedia.org/wiki/Glove_problem

    In operations research, the glove problem [1] (also known as the condom problem [2]) is an optimization problem used as an example that the cheapest capital cost often leads to dramatic increase in operational time, but that the shortest operational time need not be given by the most expensive capital cost.

  4. Dynamic pricing - Wikipedia

    en.wikipedia.org/wiki/Dynamic_pricing

    Cost-plus pricing is the most basic method of pricing. A store will simply charge consumers the cost required to produce a product plus a predetermined amount of profit. Cost-plus pricing is simple to execute, but it only considers internal information when setting the price and does not factor in external influencers like market reactions, the weather, or changes in consumer va

  5. Conservation and restoration of leather objects - Wikipedia

    en.wikipedia.org/wiki/Conservation_and...

    Proprietary leather cleaners – Commercially produced cleaners are commonplace with leather care, but can have negative effects if not closely researched or familiar with the ingredients. Wet cleaning and solvent cleaning – The primary purpose of any wet cleaning on leather is to remove surface soiling. Leather should not be soaked in water.

  6. Harvesting lightning energy - Wikipedia

    en.wikipedia.org/wiki/Harvesting_lightning_energy

    A single bolt of lightning carries a relatively large amount of energy (approximately 5 gigajoules [1] or about the energy stored in 38 Imperial gallons or 172 litres of gasoline). However, this energy is concentrated in a small location and is passed during an extremely short period of time ( microseconds [ 2 ] ); therefore, extremely high ...

  7. Another winter storm is brewing: These 12 items can help you ...

    www.aol.com/lifestyle/12-genius-items-to-help...

    This 10,000mAh power bank is called Limitless for a reason — it can charge pretty much any device, including Android phones and iPhones, tablets and laptops.

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