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So, the three guests' cost of the room, including the bellhop's tip, is $27. Each of the 3 guests has $1 in his pocket, totaling $3. When added to the $27 revised cost of the room (including tip to the bellhop), the total is $30. To obtain a sum that totals to the original $30, every dollar must be accounted for, regardless of its location.
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. 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 ...
Controls and taxes. Federal tax policy was highly contentious during the war, with President Franklin D. Roosevelt opposing a conservative coalition in Congress. However, both sides agreed on the need for high taxes (along with heavy borrowing) to pay for the war: top marginal tax rates ranged from 81% to 94% for the duration of the war, and the income level subject to the highest rate was ...
Why the Fed might need to 'get on with it' and cut rates. The Federal Reserve has projected just one interest rate cut this year. The latest round of monthly data has some economists worried it ...
A New York transit agency voted on Wednesday to indefinitely halt congestion pricing in Manhattan that was set to start on June 30 after the state's governor directed the action. The Metropolitan ...
Here's what Costco posted in its fiscal third quarter earnings, compared with Wall Street estimates: Net sales: $58.52 billion versus $57.98 billion. Adjusted EPS: $3.78 versus $3.70. Total ...
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