Nancy Matias & 1/23/18 12:42 PM Time Remaining: 01:16:56 Submit Te This Test: 10

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Nancy Matias & 1/23/18 12:42 PM Time Remaining: 01:16:56 Submit Te This Test: 100 pts possi ECO 167- Winter 2018 iC Test: Exam IlI This 21 of 24 (23 complete The of $9 per unit $2.20 $2.40 $2.60 $2.80 9.00 9.40 9.60 9.70 it does? due to marg costs) is a constant $8 per unit. How much advertising should this firm be doing? Thie 8rm shouid spnd s260 milion on advertising. (Enter your response rounded to two deoimal placs) places.) B. C. sales due to advertising are maximized. marginal benefit from advertising equals the marginal cost of advertising Clck to select your

Explanation / Answer

Advertisement is meant to increase the sales of a product by promoting it and by making the product more desirable.Therefore,if a firm increases its expenditure on advertisement,its sale is likely to go up as the demand of the product rises

The rest of the parts are already answered.Please let me know if I can with this question any further.

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