A New Clothing Store Advertises That During Its Grand Opening $\begin{array}{|l|l|l|l|l|}\hline 10 & 30 & 10 & 30 & 10 \\\hline 20 & 10 & 50 & 10 & 20 \\\hline\end{array}$

question 25

Essay

A new clothing store advertises that during its Grand Opening every customer that enters the store can throw a bouncy rubber cube onto a table that has squares labeled with discount amounts. The table is divided into ten regions. Five regions award a 10% discount, two regions award a 20% discount, two regions award a 30% discount, and the remaining region awards a 50% discount. Show your work.

$\begin{array}{|l|l|l|l|l|}\hline 10 & 30 & 10 & 30 & 10 \\\hline 20 & 10 & 50 & 10 & 20 \\\hline\end{array}$

-As you enter the store you watch the four people in front of you all win 50% discounts. The store manager tells you how lucky you are to be throwing the cube while it is on a hot streak, but the friend with you says you're unlucky because the streak can't continue. Comment on their statements.

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Definitions:

Output Effect

The impact on total output or production resulting from changes in the price level or other economic factors.

Price of Capital

The cost of using capital goods, represented by interest rates, lease payments, or other measures of the cost of borrowing or using capital.

Marginal Revenue Product

The additional revenue generated from employing one additional unit of a resource, such as labor or capital.

Complementary Resource

A resource or product that enhances or is necessary for the use of another resource or product, such as printers for computers.