Advertising is likely to
A. shift the firm's average total cost curve upward and make demand more elastic.
B. shift the firm's average total cost curve downward and make demand more elastic.
C. shift the firm's average total cost curve upward and make demand more inelastic.
D. shift the firm's average total cost curve downward and make demand more inelastic.
C. shift the firm's average total cost curve upward and make demand more inelastic.
You might also like to view...
The cost of production on the “bottom forty” is $100,000 for a given size crop. On the “north forty,” due to erosion of the soil, the cost is $150,000. If both are being farmed by tenants, we would expect the rent on the “bottom forty” to be
A. $50,000 below the rent on the north forty. B. $50,000 above the rent on the north forty. C. different from that on the north forty by an indeterminable amount. D. $50,000, and the rent on the north forty is $50,000.
Mallory Trammell is a homemaker. Last week, she was busy with her normal household chores. She is:
a. a member of the civilian labor force who is employed. b. a member of the civilian labor force who is unemployed. c. a member of the civilian labor force who is underemployed. d. a discouraged worker who is not a member of the labor force. e. not a member of the labor force.
When a monopoly does exist, it is usually ______.
a. absolute b. limited c. unrecognizable d. unprofitable
Answer the next question based on the following balance sheet for the First National Bank. Assume the reserve ratio is 15 percent.AssetsLiabilities & Net WorthReserves$50,000 Checkable Deposits$120,000Loans75,000 Stock Shares130,000Securities25,000 Property100,000?Refer to the above data. This commercial bank has excess reserves of:
A. $15,000. B. $27,000. C. $18,000. D. $32,000.