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Author Question: Which of the following is true about advertising by a firm? a. It is not always successful in ... (Read 12 times)

chandani

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on: Jun 30, 2018
Which of the following is true about advertising by a firm?
 a. It is not always successful in increasing demand for a firm's product.
  b. It attempts to increase demand and to make demand more inelastic.
  c. It may reduce per unit costs of production when economies of scale are experienced.
  d. All of these.

Question 2

The sum of the explicit and implicit costs incurred in the production process is called:
 a. fixed cost.
  b. sunk cost.
  c. marginal cost.
  d. total cost.


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ergserg

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


chandani

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

anyusername12131

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Reply 3 on: Yesterday
Excellent

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