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Economics Chapter 4 the law of diminishing marginal utility states that
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February 27, 2023
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CASE 4: The Optimal Level of Advertising
Quantity
Price
Advertising
Ad/Sales
Sales Revenue
5,500
$0
$25.000
—–
$0.00
5,570
5
28.125 10.10%
27,851.56
5,631
10
31.250 5.55%
56,312.50