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I need assistance with Managerial Economics. 1. Suppose I own a store and am only interested in increasing the number of potential customers that enter

I need assistance with Managerial Economics.

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1. Suppose I own a store and am only interested in increasing the number of potential customers that enter my store. Further, I believe that advertising could inuence how many people enter my establishment. Based on past experience with similar stores, I estimate the following relationship between number of customers (C) and the amount of advertising (A) to be: C = 100 + 6AA2/100. a. Graph this function and describe (in economic terms!) the intercept and slope. b. Does this functional form seem reasonable? Explain. c. What level of advertising would maximize the number of customers entering my store? Show all your work and explain the economics behind the steps

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