Author Question: Supporters of advertising claim that it: a. increases the variety of products. b. attacks ... (Read 78 times)

jman1234 · **on:** Jun 30, 2018

Supporters of advertising claim that it:
a. increases the variety of products.
b. attacks established brand loyalties.
c. allows new firms to compete.
d. all of these.

Question 2

Which of the following are implicit costs for a typical firm?
a. Insurance costs.
b. Electricity costs.
c. Opportunity costs of capital owned and used by the firm.
d. Cost of labor hired by the firm.
e. The cost of raw materials.