--%>
Assignment Help - homework help

Illustrates the term Advertisement Elasticity of Demand

Illustrates the term Advertisement Elasticity of Demand?

E

Expert

Verified

Advertisement Elasticity of Demand:

It is termed as Promotional elasticity of demand, which measures the responsiveness of demand because of a change in advertisement and other promotional expenses. It can be measured by the given formula as given below:

Advertisement Elasticity =

Proportionate raise in Sale/Proportionate raise in Advertisement expenditure.

   Related Questions in Managerial Economics

  • Q : Fundamental goal of maximizing in firms

    Economists suppose that firms hire labor to further a fundamental goal of maximizing: (1) economic profit. (2) workers’ welfare. (3) economy-wide employment. (4) managerial compensation. (5) the total value of output.

  • Q : Labor and Diminishing Returns All else

    All else equal, employees will eventually be less productive: (w) the greater is the amount of physical capital. (x) when they receive more certain training and less general knowledge. (y) if the wage rate is increased. (z) as more and more people are put on an assemb

    		•
  • Q : Value of Marginal Product of Labor The

    The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor.

    Q : Government and Labor Assume that male

    Assume that male nurses are paid more than female nurses for same work. When an “equal pay for equal work” law is enforced and enacted, it may: (w) decrease the wages of male nurses. (x) not influence the wages of female nurses. (y) increa

    		•
  • Q : Linear supply curves and elasticity

    Along two supply curves which are straight lines by the origin, the price elasticity of supply as: (w) is below 1 for all prices and quantities upon both curves. (x) is less for a given quantity beside the steeper curve. (y) equals on

    		•
  • Q : Gains from Exchange Can someone help me

    Can someone help me in finding out the right answer from the given options. Persons or nations that can outperform their competitors in all tasks enjoy: (1) Absolute benefits in all outputs. (2) Relative benefits in all outputs. (3) Comparative benefits in all outputs

    		•
  • Q : Competitive Supply Curves of Labor to

    When a firm does not influence the wage rate no matter how many workers this hires, then: (1) MRPL = MRCL for all feasible output levels for the firm. (2) MRCL = MPPL for all feasible output levels for the firm. (3) MPPL = MRPL for all feasible output

    		•
  • Q : Part of the payment in economic rent

    Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o

    		•
  • Q : Define the difference between

    Define the difference between accounting and economic cost.

    		•
  • Q : Why is wealth definition of economics

    Why is wealth definition of economics criticized?

    		•