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(2) Advertising: Assume a firm's advertising elasticity is known to be 0.8. Assume a firm's advertising elasticity is known to be 0.8. The firm's demand function is given by Q=100 - 2P. The firm charges a price of P=$3.50 for its product. Calculate the profit maximizing level of advertising per sale. How does the "rule of thumb" for the profit maximizing advertising per sale level change if MC is equal to zero. Provide the new equation and explain!
1. a profit maximizing firm in perfect competition produces no dead weight loss but a profit maximizing firm in a
1. why does price discrimination result in greater physician incomes than a single price to everyone?2. what are the
In working out your responses to the Discussion Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real compa..
the average cost per seat on the 50-passenger floating on air bus companys trip from kansas city to st. louis on which
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RedBall Productions is a new company based in Orem, Utah.RedBall supplies stock images of still photography.
Can you please provide a real-world example of product (a good or service) which has either an external cost or external benefit associated with it and propose the government policy to adjust for the over- or underproduction of this product.
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