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April 24, 2014

Homework Help: MANAGERIAL ECONOMICS

Posted by delaina on Saturday, October 20, 2012 at 6:47pm.

In attempt to increase revenue and profits, a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6 would you expect an increase or decrease in total revenue?

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