Defenders of advertising argue that it is not rational for profit-maximizing firms to spend money on advertising for products that have
a. superior quality.
b. inferior or mediocre quality.
c. low prices.
d. limited availability.
b
Economics
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We are interested in long-term growth primarily because it brings
A) higher price levels. B) lower price levels. C) higher standards of living. D) trade wars with our trading partners.
Economics
If marginal utility is a positive number,
A. the more you purchase, the more total utility you get. B. the more you purchase, the less total utility you get. C. utility is not affected by more purchases. D. then you are as well off as possible.
Economics
How does government support of health and education programs foster economic growth?
What will be an ideal response?
Economics
Under what conditions should a competitive firm shut down in the short run?
What will be an ideal response?
Economics