Author Question: A profit-maximizing monopoly will choose advertising expenditures so the ratio of advertising ... (Read 101 times)

robinn137 · **on:** Jul 1, 2018

A profit-maximizing monopoly will choose advertising expenditures so the ratio of advertising expenditures to total revenue is equal to the ratio of advertising elasticity to price elasticity (in absolute value).

Indicate whether the statement is true or false

Question 2

A demographic trend is that:

a. Individuals increasingly put off marriage and childbirth to later years
b. The number of families is decreasing
c. Families are the same as they were two decades ago
d. Grandparents matter less than they used to