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Russel runs a travel website selling a vacation package to Bahamas for $2,000 per person, costing James $1,000 per person. Over the years, James has

Russel runs a travel website selling a vacation package to Bahamas for $2,000 per person, costing James $1,000 per person. Over the years, James has noticed that the Advertising Elasticity of Demand for his package is 0.4. James was given a target of selling 100 packages in 2021, how much should James spend on advertising?

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