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1 New Exercise Bank Content Qu . 0 1 - 0 8 1 4 . 2 8 poimts Skipped ebook Pilint pelferences Reconsider the example
New Exercise Bank Content Qu
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Reconsider the example of choosing the advertising budget for the VRX that is presented in Section There it was determined that the optimal level of advertising spending was $ leading to a profit of $ Now suppose that the selling price, variable cost andor fixed cost can fluctuate as stated below.
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a Resolve the optimization model for the VRX using a variable cost of $ a selling price of $ and fixed costs of $ What are the optimal advertising budget and the resulting total profit?
b Resolve the optimization model for the VRX using a variable cost of $ a selling price of $ and fixed costs of $ What are the optimal advertising budget and the resulting total profit?
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Resolve the optimization model for the VRX using a variable cost of $ a selling price of $ and fixed costs of $ What are the optimal advertising budget and the resulting total profit?
intermediate calculations. Round your answers to the nearest whole number
tableAdvertising budget
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tableAA BCE VRX Optimiz,zation Mode,Parameters:,,Unit Variable Cost,$Unit Revenue,$Fixed Cost, $$Decision Variable:,,Advertising Budget,,Prediction Formula: SSales ~~avxabExpected Units Sold,,Total Revenue,,Total Variable Cost,,Fixed Cost,$Advertising Cost,,Total Profit,,
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