This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: advertisements per month. Correct Answer: B. The firm should buy 0 newspaper advertisements and 4 radio advertisements per month. Question 5 3 out of 3 points If consumers expect the price of a good will fall in the near future, Selected Answer: A. we would expect the price of the good to fall today. Correct Answer: A. we would expect the price of the good to fall today. Question 6 3 out of 3 points For a nonlinear demand function of the form, Q = aP b M c P R d , the estimated cros-price elasticity of demand is Selected Answer: B. d. Correct Answer: B. d....
View Full Document
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.
- Spring '10