Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The advertising response N(a) where N is the number of items sold and a is the amount spent on advertising in thousands of dollars, is

The advertising response N(a) where N is the number of items sold and a is the amount spent on advertising in thousands of dollars, is N(a) = 1000 + 400 * ln(a) for a > 0 a) How many units were sold after spending $4000 in advertising ? b) How much money should be spent in order to sell 1500 units

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

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith

8th Edition

1259917029, 978-1259917028

Students also viewed these Mathematics questions