The elasticity of a demand for a firm product is -3 and its
The elasticity of a demand for a firm product is -3 and its advertising elasticity of demand is .18
a. Determine the firms optimal advertising to sales ration
b. If the firm revenues are $60,000 what is the profit-maximizing level of advertising?
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the elasticity of a demand for a firm product is -3 and its advertising elasticity of demand is 18a determine the firms
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