Let's suppose we observe two competitors in the automobile industry, i.e. BMW and Mercedes. All else equal, if Mercedes reduces the price of its cars, we should expect that
You are going to buy a laptop for 1,000 USD. You can either withdraw this money from your bank account (it pays 10% interest yearly) or do it using one of the following credit schemes. Pick the scheme in which you will spend the most amount of money overall.
