If a firm spends $600 on advertising, its goal is for the demand curve for its product to shift _______
And its marginal revenue curve to shift _______.

Question

Quizplus · Accepted Answer

When a firm spends money on advertising, the goal is typically to increase demand for its product, which would shift the demand curve rightward. As demand increases, the firm can sell more units at each price point, which also shifts the marginal revenue curve rightward, reflecting the increased revenue from selling additional units.

If a Firm Spends $600 on Advertising, Its Goal Is