mgr econ quiz 6 - Selected Answer: B. total cost will fall...

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Question 21 3 out of 3 points The manager of a firm estimates that the sales of her firm are related to radio and newspaper advertising in the following way: S = 10,000 + 5,000A + 9,000R where S = number of units sold A = number a newspaper advertisements run R = number of radio advertisements run What is the marginal benefit of a radio advertisement on the number of units sold? Selected Answer: D. 9,000 units sold per radio advertisement. Correct Answer: D. 9,000 units sold per radio advertisement. Question 22 3 out of 3 points When marginal cost is greater than marginal benefit at the current activity level, the decision maker can increase net benefit by decreasing the activity because
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Unformatted text preview: Selected Answer: B. total cost will fall by more than total benefit will fall. Correct Answer: B. total cost will fall by more than total benefit will fall. Question 23 3 out of 3 points The Rolling Stones announce a concert to be held in Fayetteville, North Carolina on July 10 th , 2010. Tickets for this concert go on sale at 8am on April 1 and sold out within one hour. From this information we know that: Selected Answer: C. the ticket price was set below the equilibrium price. Correct Answer: C. the ticket price was set below the equilibrium price....
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This note was uploaded on 04/14/2010 for the course ECONOMICS 2345 taught by Professor Jamison during the Spring '10 term at York University.

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mgr econ quiz 6 - Selected Answer: B. total cost will fall...

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