Answer:
Relative responsiveness of consumer to change in price is called elasticity of demand.
Elasticity of demand here is 7.
Demand is highly elastic.
Cutting the price from $1.25 to $0.75, total revenue remains same as the elasticity of demand does not change.
Explanation:
Percentage change in quantity demanded due to percentage change in price.
Elasticity of demand=% change in quantity demanded/percentage change in price.
Small change in price caused a huge change in quantity demanded.
 
        
             
        
        
        
Answer:
$38, 288.718
Explanation:
The amount to be withdrawn at the end of each year, for  30 years 
The amount of $500,000 represents the present value while yearly withdraws the annuities. 
We use a revised formula for calculating annuities.
Applicable formula is 
P   = PV × r/( 1 − (1+r)−n
P = annual withdrawals
PV  = $500,000
r = 6.5%
n 30
P = 500,000 x( 0.065/ ( 1- (1 + 0.065) -30)}
p = 500,000 x (0.065/ (1-1+.065)-30)
p= 500,000 x (0.065 / 1-0.1511860661)
P =500,000 x (0.065 /0.848814)
P= 500,000 x 0.076577436
Yearly withdrawals  = $38, 288.718
 
        
             
        
        
        
(C) the software provides a company a competitive advantage by solving problems in a unique manner
Proprietary software is a special software designed for a specific application and owned by the organization, firm or individual that uses it. Proprietary software can give an organization leverage over competitors, by solving problems in a unique manner, however, off-the-shelf software is mass produced software used by several other organizations, thereby giving other organizations simple and identical problem-solving technique.
 
        
                    
             
        
        
        
Begin by conducting a needs assessment. Be able to tie the need for training to the organization's goal. Provide effective communications to ensure employees understand the value of taking time to attend the program.
Hope this helps! :)