Which of the following might be an effect of advertising?
a. all of the following
b. increased product differentiation
c. increased total costs of production
d. increased average total costs of production
e. increased demand for the product
A
Economics
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The signals that guide the allocation of resources in a market economy are
a. surpluses and shortages. b. quantities. c. government policies. d. prices.
Economics
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, planned investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Short-run equilibrium output in this economy equals:
A. 1,440. B. 1,000. C. 1,160. D. 1,280.
Economics