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Business, 15.04.2020 01:11 alaynagrace1111
A firm can spend its advertising budget on either television ads or newspaper ads. Television costs $1000 per minute while newspaper costs $10 per line. They want to purchase advertising that maximizes sales within their budget of $10000 for advertising. The sales function is:
S = 3t^3n
A. What are the optimal values of t and n?
B. What are the maximum sales?
C. What is the value of lambda and what does this mean?
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Answers: 2
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A firm can spend its advertising budget on either television ads or newspaper ads. Television costs...
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