The claim that advertising reduces the elasticity of demand is likely to be made by a defender of advertising

Refer to Figure 11-17. Assume that production isoquants are convex. Total cost and output produced must increase for each of the following movements except one. Which movement is the exception?

A) point a to point b B) point b to point c C) point b to point d D) point a to point c

In Figure 32.1, at the market price-quantity combination where production is unlimited, and the government buys the excess, the consumer surplus is Image

A. P*AC. B. HP*C. C. HpfloorBG. D. APfloorB.