Beerco has $100,000 to spend on advertising in four markets. The sales revenue (in thousands of dollars) that can be created in each market by spending x i thousand dollars in market i is given in the...


Beerco has $100,000 to spend on advertising in four markets. The sales revenue (in thousands of dollars) that can be created in each market by spending xi
thousand dollars in market i is given in the file P07_56.xlsx.


a. To maximize its sales revenue, how much money should Beerco spend in each market?


b. Use SolverTable to see how a change in the advertising budget affects the optimal sales revenue.



May 25, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here