Assume that the number of units sold of a product is given by XXXXXXXXXX5P + 26 A, where P is the price (in dollars) charged for the product and A is the amount spent on advertising (in thousands of...


Assume that the number of units sold of a product is given by 100 - 0.5P + 26A, where P is the price (in dollars) charged for the product and A is the amount spent on advertising (in thousands of dollars). Each unit of the product costs $5 to produce. Use a data table to find the combination of price and advertising that maximizes profit.

Nov 23, 2021
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