Under the guidance of a good manager a monopolistic ally, Business Economics

+44 141 628 6080
[email protected]

Under the guidance of a good manager a monopolistic ally

Under the guidance of a good manager, a monopolistic ally competitive firm spends an optimal amount of its revenues on advertising. Last month the firm spent $2,500 of its 510,000 revenues on advertising. If its advertising elasticity was 0.5, what was this firm's price elasticity demand? Docs this make the firm's demand elastic, unit elastic or inelastic?

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Under the guidance of a good manager a monopolistic ally

Reference No:- TGS01473935

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : Consider a society with three individuals deciding whether

consider a society with three individuals deciding whether or not to build a bridge adam and bob get 5 utils from

Q : How does your organization handle change requests in other

how does your organization handle change requests in other words whatrsquos the process used to evaluate changes

Q : Having access to the books and understanding local markets

having access to the books and understanding local markets better than new owners the owners of medical practices

Q : Which one of the following statements about risky

which one of the following statements about risky investments is correcta riskier investments tend to sell for lower

Q : Under the guidance of a good manager a monopolistic ally

under the guidance of a good manager a monopolistic ally competitive firm spends an optimal amount of its revenues on

Q : Poolvac inc manufactures and sells a single product called

poolvac inc manufactures and sells a single product called the ldquosting rayrdquo which is a patent-protected

Q : When the actual rate of inflation exceeds the expected

when the actual rate of inflation exceeds the expected ratea nominal wages will declineb firms will experience rising

Q : Yoursquove recently learned that the company where you work

yoursquove recently learned that the company where you work is being sold for 290000 the companyrsquos income statement

Q : Suppose that a small town has seven burger shops whose

suppose that a small town has seven burger shops whose respective shares of the local hamburger market are as

1956835

Questions
Asked

3,689

Active Tutors

1455248

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported