This topic contains a solution. Click here to go to the answer

Author Question: One Guy's Pizza advertising expenditures are 1,200 and sales are 30,000. When the advertising ... (Read 103 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
One Guy's Pizza advertising expenditures are 1,200 and sales are 30,000. When the advertising expenditure increases to 1,400, pizza sales increase to 32,000. The arc advertising elasticity of demand is approximately ________.
 
  A) 0
  B) 0.1
  C) 0.4
  D) 2.5
  E) 12.5

Question 2

Suppose a competitive industry produces output, Q, using some input, i, where the price of the output is PQ and the input price is Pi. Efficient use of resources requires that
 
  A) MRPi = MPi.
  B) MRPi = Mpi/PQ.
  C) MRPi = MPi PQ.
  D) MRPi = Pi.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dlook33

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

C

Answer to Question 2

D




neverstopbelieb

  • Member
  • Posts: 534
Reply 2 on: Jul 1, 2018
Wow, this really help


nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

For a complete list of videos, visit our video library