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Economics question. Please answer. Thanks The elasticity of demand for a firm's product is -2 and its advertising elasticity of demand is 0.2. a. Determine

Economics question. Please answer. Thanks

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The elasticity of demand for a firm's product is -2 and its advertising elasticity of demand is 0.2. a. Determine the firm's optimal advertising-to-sales ratio Instruction: Enter your response rounded to two decimal places b. If the firm's revenues are $40,000, what is its profit-maximizing level of advertising? $

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