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nakungth nakungth
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Posts: 1175
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6 years ago
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
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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nakungth Author
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6 years ago
This site is awesome
kh540941
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Yesterday
Brilliant ツ
rileyjones420
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2 hours ago
Good timing, thanks!
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