Description of this paper

The profit-maximizing advertising-sales ratio will increase with ________.

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solution


Question

The profit-maximizing advertising-sales ratio will increase with ________.;Select one;a. Incremental margin;b. Advertising elasticity of demand;c. Both of the above.;If a monopolys demand curve shifts;Select one;a. The profit-maximizing price will change;b. The marginal revenue curve will also shift;c. Both of the above.;For a buyer facing an upward-sloping supply curve, the marginal expenditure exceeds the price because;Select one;a. Inframarginal units are cheaper;b. Supply is elastic;c. It must raise price to buy an additional unit.;There is no market supply curve in a;Select one;a. Perfectly competitive market.;b. Monopolistically competitive market.;c. Monopolistic market.;d. Monopolistically competitive and monopolistic markets.;Firms have market power in;Select one;a. Perfectly competitive markets.;b. Monopolistically competitive markets.;c. Monopolistic markets.;d. Monopolistically competitive markets and monopolistic markets.;A monopoly has the entire market demand, but the demand may be elastic or inelastic.;Select one;a. True;b. False.;For a seller facing a downward-sloping demand curve, the marginal revenue is less than the price because;Select one;a. Inframarginal units are more expensive;b. Demand is elastic;c. It must reduce price to sell an additional unit.;A monopoly may set a price close to marginal cost because ________.;Select one;a. Its demand is elastic;b. It has few competitors;c. The market is not contestable.;Competitors may restrain competition through ________.;Select one;a. Cartel;b. Horizontal integration;c. Both of the above.;If a monopsonys marginal benefit exceeds its marginal expenditure, it should _________.;Select one;a. Reduce purchases;b. Raise purchases;c. Reduce or raise purchases, depending on the circumstances.

 

Paper#15694 | Written in 18-Jul-2015

Price : $27
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