Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

23. A manufacturer has $200,000 available to spend on development and promotion of their new product. If d thousand dollars are spent on development and

image text in transcribed
23. A manufacturer has $200,000 available to spend on development and promotion of their new product. If d thousand dollars are spent on development and p thousand dollars on promotion, it is estimated that sales will be f(d, p) = 100d2p What set of equations must be saisfied by the positive values of d and p that maximize sales? 200dp4 = Ap 200dp4 = > (A) 400d2 p3 = Ad (B) 400d2p3 = > d + p =200 d + p = 200 100d2 p4 = Ad 400d2 p3 - 2001 (C) 100d2p4 = Ap (D) 200dp* = 200 d + p = 200 dp = 200 200dp4 = 0 (E) 400d2 p3 = 0 dp = 200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Mathematics questions

Question

What is a nondevelopmental item (NDI)?

Answered: 1 week ago