It’s practical qualifications that basically relate to a specific job or career sector.
Answer:
At what price is revenue maximum?
- $13 and $12 per unit (maximum revenue $156,000)
What is the maximum revenue and how many sets of headphones should the company expect to sell?
Write your conclusions in a sentence.
- When the price is higher than $12 per unit, demand is elastic, which means any decrease in price will result in a larger proportional increase in quantity demanded. This in turn increases total revenue. Below $12 per unit, demand is inelastic, which means that a decrease in price will result in a smaller increase in quantity demanded.
Explanation:
price quantity demanded total revenue
$20 5000 $100000
$19 6000 $114000
$18 7000 $126000
$17 8000 $136000
$16 9000 $144000
$15 10000 $150000
$14 11000 $154000
<u>$13 12000 $156000
</u>
<u>$12 13000 $156000
</u>
$11 14000 $154000
$10 15000 $150000
$9 16000 $144000
$8 17000 $136000
$7 18000 $126000
$6 19000 $114000
$5 20000 $100000
$4 21000 $84000
3 22000 $66000
2 23000 $46000
1 24000 $24000
Answer:
b. contract exception to employment at will.
Explanation:
The implied contract exception to employment law is available in at-will employment. BluCorp may be found liable for breach of contract firing Catherin due to be violating an implied employment contract.
Implied employment contracts are seen when there are employer's personnel policies stating that an employee will not be fired except for good and fair cause.
