Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi
1 answer:
Answer:
-4 units
Explanation:
Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:
Blake's income elasticity of demand is -4 units.
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Answer and Explanation:
Ethical: it is ethical to reduce the emotional impact of a bad news by making use of an indirect approach which is less harsh and blunt unlike the direct approach. In situations such as communicating that a person has lost his job, it is important that the manager communicates using indirect approach
Direct: you are communicating facts to someone that has less time. Therefore the direct approach would be most appropriate as it goes straight to the point without delays
Intend to deceive:your boss is extremely busy therefore in this case it would be important to use the direct approach and move straight to the point from the beginning not hiding the bad news at the end of the mail
Answer:
a) 4.800 units: Operational loss area (L)
12,000: Break even point (BEP)
$1,500,000: BEP
20,000 units: Operational profit area (P). Also, the maximum amount of units.
$2,500,000: Operational profit area (P). Also, the maximum amount of sales.
b) BEP: 12,000 units or $1,500,000 in sales.
Explanation:
The graph is divided in two sections:
1 - The operational loss area (L)
2 - The operational profit area (P)
The interface between both regions is the breakeven point.
a) 4.800 units: Operational loss area (L)
12,000: Break even point (BEP)
$1,500,000: BEP
20,000 units: Operational profit area (P). Also, the maximum amount of units.
$2,500,000: Operational profit area (P). Also, the maximum amount of sales.
b) The breakeven point is where sales equal total cost (or the level at which profits are zero). This breakeven point (BEP) is at 12,000 units:
This corresponds to $1,500,000 in sales.
