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You are a consultant for a smalll business. You have been hired to analyze the relationship between advertising expenses and revenues. Revenue in thousands of
You are a consultant for a smalll business. You have been hired to analyze the relationship between advertising expenses and revenues. Revenue in thousands of dollars, R(x), and x represents the amount spent on advertising in thousands of dollars. R(x)=10,000x3+42x2+800x, for 0x20 Please provide the small business your advice on advertising spending. Problem 2 You are a pricing analyst for a pharmaceutical company. The company is launching a new drug that research has shown protects skin against ultraviolet sun rays. The FDA has signed off on its safety, but are concerned about monopoly-level prices, particularly because insurance companies are hesitant to cover the cost. The FDA will not approve if the price for a pill exceeds $2 per a 40mg capsule, unless insurance companies are willing to offer prescription benefits for it. The company chooses the price x that will maximize its profits of a 40mg capsule. The total profit in thousands of dollars, P(x), based on the price x (of a 40mg capsule) of the prescription drug is given by P(x)=ln(x3+2x2+36x+1) Please advise the CEO of your findings
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