7 Suppose that if x dollars are spent on advertising during a given year, k(1 ecx)...
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7 Suppose that if x dollars are spent on advertising during a given year, k(1 ecx) customers will purchase a product
(c 0).
a As x grows large, the number of customers purchasing the product approaches a limit. Find this limit.
b Can you give an interpretation for k?
c Show that the sales response from a dollar of advertising is proportional to the number of potential customers who are not purchasing the product at present.
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Related Book For
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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