Can someone explain me why the answer is A.
Thanks
The elasticity fell as a result of advertising.Lesser the value of elasticity,the less responsive quantity demanded is to price.If the firm increase the price in this case,quantity demanded would not fall much,such that total revenue will rise.
∆Q<∆P which causes TR to rise.
The firm should raise price but not very much because the demand is still elastic(though relatively less elastic than before)
Answer-C
Can someone explain me why the answer is A. Thanks A firm started advertising its product...
Can someone explain to me why the answer is 1/24? thanks In the following pedigree Individuals III- 3 and III-4 married without knowing they were related. They are expecting and they ask you to estimate the probability that the child will have the condition. OT ? A. 1/64 B. 1/24 C. 1/48 D. 1/4 E. Another fraction The following nodigree correcnonds to a family where come
Can someone explain that why the answer is A? Answer is A! ression 7. An advertising agency is testing the ef- 8, y is fectiveness of a new commercial. They are al? trying out the commercial in three different time lengths (15, 30, and 60 seconds) and two formats (animated vs. live action). Each test audience will rate the product after see- ing the commercial shown in one way. Which description of this study is correct? (a) An experiments with...
pls can someone help me with this pls? review carefully Explain how advertising influences the demand for a firm's product. A. Successful advertising increases demand for the firm's product and increases economic profit. New firms enter the market, and demand decreases for any one firm in the market. B. Successful advertising always increases demand for the firm's product in the short run and in the long run. Firms would not advertise if this was not true. C. Any advertising makes...
Topic: Electron Transport/Oxidative Phosphorylation Can someone please help me answer the questions above and explain why did you pick that answer? Thanks
Answer: A the answer is A but can someone explain to me why? show yor work and thanks in advance! The following data apply to questions 5-9 The Santa Fe Manufacturing Company has two divisions in Kansas, the Holton Division and the Derby Division. Currently, Derby buys a part (10,000 units) from Holton for $16 per unit. Holton has purchased new equipment and wants to increase the price to Derby to $18 per unit. The controller of Derby claims that...
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Score: 0 of 1 pt Concept: Advertising 2 Why would a monopolistically competitive firm advertise? A monopolistically competitive firm would advertise to A. make its demand curve more elastic. O B. decrease the price it charges O C. reduce the total cost of production. D. reduce product differentiation. E. shift its demand curve to the right Click to select your answer and then click Check Answer javascript:doExercise(8); ewI
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So I know the answer here, but can someone explain to me how to do it and why it's D? Thanks. D Individuals IV-3 and IV-4 got married without knowing that they were related. What is the probability of their first child to have the genetic condition that runs in the family? A. 1/24 B. 1/32 C. 1/48 D. 1/72 E. A different fraction
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