Advertising intended to induce a consumer to discover a previously unknown taste or preference is
A) persuasive advertising.
B) informational advertising.
C) direct advertising.
D) mass marketing advertising.
Answer: A
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Refer to Figure 12-5. The firm's manager suggests that the firm's goal should be to maximize average profit. If the firm does this, what is the amount of profit that it will earn?
A) $6,600 B) $6,750 C) $12,150 D) $36,000
Justina operates in a perfectly competitive market. Which of the following is her short-run supply curve?
a. the MC curve above its point of intersection with the ATC curve b. the market supply curve c. the MC curve above its point of intersection with the AVC curve d. the market demand curve e. its MC curve
Which of the following is an example of a pure public good?
a. a bus b. a mall c. a teddy bear d. an army e. an automobile
The __________ of the mentally ill over the last two and a half decades, without the promised halfway houses to treat and shelter them has added to the ________________.
Fill in the blank(s) with the appropriate word(s).