Refer to the scenario above. What is likely to be the impact on Firm A's sales if Firm A decides to sponsor the event while Firm B decides not to sponsor the event?
A) A 5% increase in sales
B) A 2% increase in sales
C) A 7% increase in sales
D) A 0% increase in sales
C
You might also like to view...
Demand for a luxury item, such as a yacht, is likely to be
A) income elastic and price inelastic. B) income inelastic and price elastic. C) both income elastic and price elastic. D) both income inelastic and price inelastic.
When economists say goods are scarce, they mean...
What will be an ideal response?
According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this weekend if:
A. the extra benefits of seeing the movie are greater than the extra costs of seeing the movie. B. you really like Star Wars. C. the average benefit you get from going to the movies is greater than the average cost of a ticket. D. you can afford to go to the movies.
Slower growth in labor demand in combination with increases in labor supply explains ________ accompanied by ________.
A. a slowdown in real wage growth; a decline in employment B. a slowdown in real wage growth; increasing wage inequality C. accelerated real wage growth; a decline in employment D. a slowdown in real wage growth; rapid employment growth