A firm 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...


A firm 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 -2x2
-y2
+ xy + 8x + 3y. How can the firm maximize its revenue?



May 22, 2022
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