Question
Sales are the function of advertising in The Dawn and Diva Magazine (X, Y). S = XY 2 If the price of advertising in The
Sales are the function of advertising in The Dawn and Diva Magazine (X, Y).
S = XY2
If the price of advertising in The Dawn and Diva Magazine is Rs.5 and Rs.10 respectively. The total budget for advertising is Rs.105. For maximizing the sales of Dawn and Diva Magazine find out the best combination of advertisement in newspapers and magazines by using Lagrangian multiplier.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
