For the Following Demand Equation, Express the Total Revenue R $q = - 2 p + 1600$

question 60

Multiple Choice

For the following demand equation, express the total revenue R as a function of the price p per item. $q = - 2 p + 1600$

• A) \(R = - 2 p ^ { 2 } + 1600 p\)
• B) \(R = - 2 p ^ { 2 } + 1600\)
• C) \(R = 1598 p\)
• D) \(R = - 2 + \frac { 1600 } { p }\)
• E) \(R = - 2 p ^ { 2 }\)

Recognize the impact of scientific management and human relations movement on the workplace.

Understand the role of informal networks within organizations as per Hawthorne studies.

Appreciate the benefits of total person development for both employees and organizations.

Understand the influence of family and organizational culture on work behavior.

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Definitions:

Military Organization

An entity structured to use armed forces for purposes of defense, security, or warfare operations.

S Corporation

A type of corporation in the United States that is taxed under Subchapter S of the Internal Revenue Code, with profits passing through to shareholders to be taxed at individual income tax rates.

Sole Proprietorship

A business owned and operated by a single individual, with no separation between the business and the owner, legally or financially.

Partnership

A partnership is a legal business structure where two or more individuals share ownership, responsibilities, and profits or losses of the business.