Solved: Suppose that the elasticity of advertising for clark is 025, Business Management

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Suppose that the elasticity of advertising for clark is 025

Clark Industries currently spends 5 percent of its sales on advertising. Suppose that the elasticity of advertising for Clark is 0.25. Determine the optimal profit margin over price (P - MC)/P.

Multiple Choice

15 percent.
20 percent.
25 percent.
None of the answers is correct.

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Business Management: Suppose that the elasticity of advertising for clark is 025

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Business Management: Suppose that the elasticity of advertising for clark is 025

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