I would give Todd a suggestion to work hard and earn his raise.
there are other ways to get a vacation than making possibly deceitful deals.
Answer:
D- Guarantees program failure
Explanation:
when the training is not well cleared enough and the development goals is open to lot or multiple interpretation this guarantees program failure.
Answer:
to increase total revenue by charging higher prices to those with the most inelastic demand for the product and lower prices to those with the most elastic demand.
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Requirements to practice successful price discrimination
1. The firm must have market power. If the firm does not have market power and attempts to price discriminate they would lose customers
2. The firm must have different elasticities of demand for their product in different markets. the firm should charge the higher price in the market with the less elastic demand.
3. The firm must be able to segment the market for their products
4. the firm's product should have a lot of close substitutes.
<span>If an owner of a copy center is interested in knowing which of her employees can make the most copies in one hour, she wants to understand which of her employees has the ABSOLUTE ADVANTAGE in making the copies.
Absolute advantage is defined as </span><span>the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.</span>
Given that after the financial crises the number of people who lost their jobs is 1 million and that of people remained employed was 35 million, then the unemployment rate will be:
(Number of people who are employed)/(Number of people who are unemployed)
=(1000000)/(35000000)
=0.029
=2.9%
The unemployment rate is 2.9%<span />
