Answer:
P = MR = 1
Explanation:
The demand function is q = 25 - 12p.
The total income is the price of potatoes multiplied by the quantities of potato --> P * Q
p*q = p*(25-12p)
p*q = 25p - 12p^2
the first derivative of the previous equation is the marginal revenue. In perfect competition the Price = Marginal revenue.
First derivative of total income ---> 25-24p
And MR = P
25-24p=p
25=25p
<h2>p=1</h2>
Answer:
a. The average age of the population in his community is high.
Explanation:
As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.
Answer:
Have defined value creation too narrowly in terms of financial performance thereby contributing to black swan events ( B )
Explanation:
Black swan events are events that come as a surprise to a company or individual with great / devastating effects and these events are usually due to inappropriate foresight to the problem.
A company that generates huge profits is not supposed to reduce the maintenance budget because ill maintained equipment will not result to efficient production and huge profits. the leaking of their pipelines and the significant environmental problem is an example of the Black swan event due to the trimming of maintenance budget by the Management.
Answer:
a healthcare provider failing to respond to a patient’s alarm
a malfunctioning heart monitor
a healthcare provider’s unexplained absence
Answer: A. Use an irrational emotional tone.
D. Give a blow - by - blow chronology of details.
Explanation:
Persuasive claims or complaint messages are usually presented by customers when they encounter challenges like damaged goods, wrong deliveries or any other mistakes that could be a fault of the organization in question.
When such claims or complaints are presented, they are best started with a sincere praise of the organization, presented in a calm tone. This is followed by a logical explanation of the problem encountered and measures that were taken to address it.
It is then concluded with proposals of how the customer wants the issue to be resolved. It could be in the form of a refund or a fitting replacement for the damaged product.
