A tradeoff is a balance achieved between two desirable but incompatible feature. So the reasonable answer would be B
Answer:
55.58
Explanation:
Data provided in the question;
Initial demand per month, Q₁ = 3
Final demand per month, Q₂ = 5
Initial price, P₁ = $33,200
Final price, P₂ = $33,500
Now,
elasticity of demand using midpoint method is calculated as :
= 
or
= 
on substituting the respective values, we get
= 
or
= 
or
= 
= 55.58
All that information gives you three points to make the graph.
Point 1:
At the price of $10, the offer is 2*1,000 shoes => (10, 2,000)
At the price of $25, the offer is 10*1,200 shoes => (25, 12,000)
At the price of $40, the offer is 10*1400 + 4*500 => (40, 16,000)
Then you have three points. You can check that their are not aligned because when you increase the price $15 from 10 to 25 the offer increases in 10,000 shoes; but when you increase the price $15 from 25 to 40, the offer increases 4,000.
To draw the grpah:
- use a perpendicular coordinate system with the price in the horizontal axis and the offer in the vertical axis,
- lable the horizontal axis with the prices from 10 to 50 and the vertical axis with the offers from 1,000 to 18,000.
- draw the three calculated points (10; 2,000) , (25; 12,000) and (40; 16,000)
- draw a curved line that passes through the three points.
Ther you have the graph.
The first step is to investigate why the product recall was required. Then the manager should ask for details of the incident, follow up and report. Following these first steps will be essential in analyzing what was the problem with the product, whether it was any breach of the quality standard required by regulatory bodies or some other relevant factor.
Answer:
Brain didn't act ethically and didn't follow IMA's principles of ethical conduct.
IMA's 4 principles are:
- Competence: this refers to basically acting and performing in a professional manner. Brian didn't act professionally since he intentionally miscalculated the price of lumber in order to get the lowest possible cost.
- Confidentiality: refers to keeping information to yourself, i.e. do not tell outsiders about the specifics of your job. This principle was not an issue here.
- Integrity: refers to avoiding conflicts of interests. Obviously Brian didn't follow this principle since he is taking advantage of the company's policy and acting unfairly.
- Credibility: refers to information and all the respective analysis being correct and true. Since Brian is deliberately cheating on the company, he is not using the correct information on purpose and is lying.
