SeaSide Industries currently spends 5 percent of its sales on advertising. Suppose that the elasticity of advertising for Seaside is 0.2. Determine the optimal profit margin over price (P ? MC)/P.

Wage differentials between groups can occur as a result of

a. job market discrimination and premarket discrimination only b. differences in education, job experience, and geographic location only c. job market discrimination and differences in education and job experience only d. premarket discrimination and differences in geographic location only e. premarket discrimination, job market discrimination, and differences in education, job experience, and geographic location

The distinction between productivity levels and productivity growth rates is theoretical, and has no practical application

a. True b. False Indicate whether the statement is true or false