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Alice's utility function over toys (T) and games (G) can be expressed as U(T,G) = 2TG. Can Alice's preferences also be represented by U(T,G) = 2T2G2?
Rotary Tools
High-speed, handheld power tools that rotate a bit or accessory for performing various tasks such as cutting, carving, sanding, and polishing.
Frequent Purchaser Program
A loyalty scheme designed to reward customers who regularly buy goods or services from a particular business.
Quantity Discounts
Price reductions offered to buyers purchasing in large volumes.
Two-part Pricing
A pricing strategy that involves charging a fixed fee plus a variable usage fee, often seen in services like telecommunications and utilities.
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