Examlex
Let S be the set of all strings of 0's and 1's of length 3. Define a relation R on S as follows: for all strings s and t in S,
(a) Prove that R is an equivalence relation on S.
(b) Find the distinct equivalence classes of R.
Second-Degree Price Discrimination
A pricing strategy where prices vary based on the quantity of goods or services purchased, but not on the characteristics of the buyer.
Early Bird
A term typically used to describe someone who completes a task or arrives somewhere early, often to take advantage of benefits or discounts.
Intertemporal Price Discrimination
A pricing strategy where consumers are charged different prices for the same product or service based on when they choose to purchase or consume it.
Marginal Revenue
The additional income earned by selling one more unit of a good or service.
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