mgr econ quiz 2 - advertisements per month. Correct Answer:...

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Question 4 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 Theprice of a newspaper advertisement is $500 per advertisement and $250 per radioadvertisement. If the firm has a total advertising budget of $1,000 per month, how should it spend thisadvertising budget to maximize sales? Selected Answer: B. The firm should buy 0 newspaper advertisements and 4 radio
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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....
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mgr econ quiz 2 - advertisements per month. Correct Answer:...

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