Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Organic company has 100k.l AUD to spend on advertising in four States VIC NSW QLD and TAS .The revenue (in thousands of dollars) that can

Organic company has 100k.l AUD to spend on advertising in four States VIC NSW QLD and TAS .The revenue (in thousands of dollars) that can be created in each state by spending 1000s of dollars is defined as 12 VIC^0.4 ,6 NSW^0.5, 10 QLD^ 0.3 and 8 TAS^ 0.6.Determine the maximum possible revenue given the budget. (Hint: the answer is between 160 and 180)

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

Applied Regression Analysis And Other Multivariable Methods

Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg

5th Edition

1285051084, 978-1285963754, 128596375X, 978-1285051086

Students also viewed these Mathematics questions

Question

What is the limitation on a deductible IRA contribution for 2015?

Answered: 1 week ago