Grocery store chains advertise more than convenience stores ...

[dakota nelson]

Grocery store chains advertise more than convenience stores because:
 
  A) the advertising elasticity of demand is smaller for grocery store chains than for convenience stores.
  B) convenience stores have more elastic demand for their products than grocery store chains.
  C) the advertising elasticity of demand for convenience stores is near zero and is much smaller than for grocery store chains.
  D) all of the above
  E) none of the above

Question 2

The learning curve is graphically represented as a plot of:
 
  A) labor per unit on the horizontal axis and total cost on the vertical axis.
  B) labor per unit on the horizontal axis and total number of units produced on the vertical axis.
  C) total cost on the vertical axis and total number of units produced on the horizontal axis.
  D) labor per unit on the vertical axis and cumulative number of units produced on the horizontal axis.

[carolinefletcherr]

Answer to Question 1

C

Answer to Question 2

D