Supporters of advertising claim that it:
a. increases the variety of products.
b. attacks established brand loyalties.
c. allows new firms to compete.
d. all of these.
d
You might also like to view...
If there are diminishing marginal returns to labor,
a. output diminishes as additional workers are added b. the management team grows as more workers are hired c. the rise in output becomes smaller and smaller with each successive worker hired d. the management team shrinks as successive workers are added e. macroeconomic business cycles are generated by microeconomic production functions
A firm maximizes its profit by producing that quantity of output for which
a. marginal revenue equals total revenue b. marginal revenue exceeds marginal cost by the greatest amount c. price is the greatest distance above average total cost d. the difference between total revenue and total cost is the greatest e. marginal cost equals average cost
Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?
A. The United Kingdom. B. Australia. C. Norway. D. Japan.
When spending by the federal government exceeds net taxes, _____
a. the price level tends to fall b. the money supply must fall c. the aggregate demand curve shifts rightward d. aggregate supply moves rightward e. there is a federal budget surplus