Question
In the following equation = 45,000 + 2x with given sales (Y in $500) and marketing (X in dollars), what does the equation imply?
A. An increase of $1 in marketing is associated with an increase of $46,000 in sales.
B. An increase of $1 in marketing is associated with an increase of $1,000 in sales.
C. An increase of $2 in marketing is associated with an increase of $46,000 in sales.
D. An increase of $2 in marketing is associated with an increase of $1,000 in sales.
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
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