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Consider the following demand function of a firm producing and selling product X where Qx is demand of product X, P is the price
Consider the following demand function of a firm producing and selling product X where Qx is demand of product X, P is the price of X and A is the advertisement expenses. In Qx = -ln Px + InA If the firm's revenues are $400,000, what is its profit-maximizing level of advertising? Use the values of a, , and 2 from the following table for your student number: 39 -4,1 3
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