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Example 3.5 A company is planning to spend $10,000 on advertising. It costs $3000 per minute to advertise on television
Posted: Thu Jun 30, 2022 7:40 pm
by answerhappygod
- Example 3 5 A Company Is Planning To Spend 10 000 On Advertising It Costs 3000 Per Minute To Advertise On Television 1 (42.57 KiB) Viewed 25 times
Example 3.5 A
company is planning to spend $10,000 on advertising. It costs $3000 per minute to advertise on television and $1000 per minute to advertise on radio. If the firm buys x minutes of television advertising and y minutes of radio advertising, its revenue in thousands of dollars is given by: Z=- 2x² - y² + xy + 8x + 3y. How can the firm maximize its revenue? Solve this problem using substitution method.