Question
Find an optimal combination of sales and days using the concept of optimization of marginal change: Days Ponce Ventas Bayamon Ventas 0 0 5,000 1
Find an optimal combination of sales and days using the concept of optimization of marginal change:
Days Ponce Ventas Bayamon Ventas
0 0 5,000
1 15,000 18,000
2 23,000 28,000
3 30,000 37,000
4 36,000 40,000
Goal: maximize profit on both sites
Limiting factor: 5 days
How much is sold in each town and the number of days?
(Just in case Ponce and Bayamon are towns)
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
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