Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
Answer:
The answer is a. Respectful communication.
Explanation:
Respectful communication involves encouraging participants to exchange ideas, further develop those ideas during the session, and to respect the opinions of others
Explanation:
Millennials are a generation of young people born between the 80s and 90s who were born in a globalized reality and with a strong presence of the internet.
These young people directly impacted the business world with their inclusive behaviors and values with respect to different cultures, genres, etc.
Traditional companies had to adapt to include this new generation in their processes. In the internal environment, a change in paradigms and organizational values can be noticed, turning the focus to diversity and corporate governance. It is also possible to perceive the interaction between employees, the reduction of bureaucracy in processes, the inclusion of technology to make work more automated and simplified.
In the external environment, it is possible to notice that the advertising campaigns have changed, with a more dynamic and youthful focus, focused on technology innovations and important issues for the generation, in addition to perceiving the increase of companies in social networks to build relationships with millennials.
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Answer:
c) $5 million
Explanation:
The computation of expected net profit is shown below:-
For computing the net profit first we need to compute the profit which is shown below:-
Profit = $50 million - $10 million
= $40 million
Expect net profit = Probability of success × Profit + Probability of unsuccessful × Loss
= $40 × 0.3 + (-$10 × 0.7)
= $5 million
Therefore for computing the expected net profit we simply applied the above formula.
