In the United States, the biggest shopping day each year is “Black Friday,” the day after Thanksgiving. Every Black Friday, the local branch of a major retailer makes this offer to the public: the first 100 54-inch HD flat-screen televisions sold will sell at the discounted price of $50 each. Customers line up before the store opens its doors to take advantage of this tremendous bargain.a. In this scenario, what is the “price” of a 54-inch flat-screen television?b. How would that “price” likely change if the retailer offered the first 500, instead of the first 100, televisions at $50 apiece? If only the first 50 were offered at the discounted price?
In the United States, the biggest shopping day each year is “Black Friday,” the day after Thanksgiving. Every Black Friday, the local branch of a”
by | Mar 12, 2022 | Uncategorized
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