Answer:
1) Mindfulness
Explanation:
Mindfulness refers to being aware of your environment and paying attention to what happens around you, and at the same time being aware of your thoughts and bodily sensations.
In other words, it means that Dr. Riley is able to concentrate on what he is doing and at the same time is paying attention to what is around him.
Respect for an able leaders goal accomplishments, decisions and customer satisfaction is an example of appreciation of the leader's fine qualities and showing that the leader is carrying out his performance according to his/her expectations of what being a leader is.
The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
Answer:
A) Price elasticity of demand = 8
B) PED is elastic
C) increase Danny's total revenue
Explanation:
we can calculate the price elasticity of demand using the formula:
PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8
if the PED is the same when the price decreases from $1 to $0.50, total revenue will :
- when price = $1.50, total revenue = $1.50 x 300 = $450
- when price = $1, total revenue = $1 x 1,100 = $1,100
*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units
