A Company Is Planning to Manufacture a New Blender

question 13

Short Answer

A company is planning to manufacture a new blender.After conducting extensive market surveys,the research department estimates a weekly demand of 600 blenders at a price of $50 per blender and a weekly demand of 800 blenders at a price of $40 per blender.Assuming the demand equation is linear,use the research department's estimates to find the revenue equation in terms of the demand x.

---

Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, giving them ownership interests.

Corporate Criminal Liability

The legal principle that a corporation, as an entity, can be held accountable for committing criminal acts.

Strict Liability Rule

A regulation imposing absolute responsibility on certain persons or entities for damages or losses, regardless of fault or intention.

Squeeze-Out

A strategy used by majority shareholders to pressure minority shareholders into selling their shares, often at unfavorable terms.