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The Clay Mathematics Institute officially designated the title Millennium Problem for the seven unsolved mathematical problems, the Birch and Swinnerton-Dyer conjecture, Hodge conjecture, Navier–Stokes existence and smoothness, P versus NP problem, Riemann hypothesis, Yang–Mills existence and mass gap, and the Poincaré conjecture at the ...
The equilibrium of price competition is where the price is equal to marginal costs, assuming complete information about the competitors' costs. Therefore, the firms have an incentive to deviate from the equilibrium because a homogenous product with a lower price will gain all of the market share, known as a cost advantage.
In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales.
In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but
When performing a sequence of multiplications or divisions by the same number, the answer can often be determined by merely glancing at the slide rule without any manipulation. This can be especially useful when calculating percentages (e.g. for test scores) or when comparing prices (e.g. in dollars per kilogram).
The law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold at different locations should be sold for the same price when prices are expressed in a common ...
Price obtained a bachelor's degree in Mathematics from California State University, Chico in 2003, and a master's degree from San Francisco State University in 2007. [3] She earned her doctoral degree in Mathematics from the University of Iowa in 2012, under the advisement of Isabel Darcy. [4] She is currently an Associate Professor at Smith ...
This list of mathematics awards contains articles about notable awards for mathematics. The list is organized by the region and country of the organization that sponsors the award, but awards may be open to mathematicians from around the world.