Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A) If marginal costs are constant, then it is optimal to advertise until the last dollar spent on advertising generates one additional dollar of sales.
• B) If the demand curve shifts leftward as the advertising expenditure increases, then the advertising elasticity of demand is positive.
• C) If the advertising elasticity of demand declines and consumer demand becomes more price elastic, then the optimal advertising-to-sales ratio declines.
• D) If the advertising elasticity of demand is positive, then the demand curve must be upward sloping.

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Definitions:

Strategies

General plans or sets of actions aimed at achieving specific goals or solving particular problems.

Overextending Yourself

Taking on too many tasks or commitments simultaneously, leading to stress, burnout, or failure to effectively manage time and responsibilities.

Minimizing Distractions

Strategies or actions taken to reduce or eliminate disruptions that interfere with focus and productivity.

Studying

The act of devoting time and attention to acquiring knowledge on an academic subject, especially through books.