Refer to Figure 3-1. An increase in taste or preference would be represented by a movement from

The price elasticity of demand for nursery products is -10. The advertising elasticity of demand is 0.4. Using the "Rule of Thumb for Advertising," the profit maximizing level of advertising will be set at ________ of sales

A) 0.25 percent B) 0.4 percent C) 4 percent D) 40 percent

The economic burden of World War II for the United States was primarily:

A. Shifted to future generations by bond financing B. Borne by the persons who lived during the war period C. Shifted to foreign nations who were defeated during the war D. Borne by the industries which produced military products during the war