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Business, 21.02.2020 04:36 genyjoannerubiera

MicroCorp has a budget that it must allocate toward advertising and market research. To achieve an efficient allocation of resources, how should MicroCorp decide how many dollars to spend on advertising and how many dollars to spend on market research?

(A) Dollars should be spent on advertising until the point where the benefit of the last dollar spent equals the opportunity cost of the last dollar spent. (B) Any remaining dollars should be spent on market research.
(C) The entire budget should be allocated toward market research.
(D) The entire budget should be allocated toward advertising.
(E) An equal number of dollars should be spent on advertising and market research.

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