Question
You are a manager at a local restaurant and want to do some advertising for your grand opening. After researching your options you find out
You are a manager at a local restaurant and want to do some advertising for your grand opening. After researching your options you find out that you can advertise in either social media, in the newspaper, on the radio or on cable TV. Each format prices their product in blocks of advertising. The costs per block are: Social Media $250, Newspaper $350, Radio $400 and Cable TV $500. You have estimated the total benefit to your revenue of advertising in each format. The total impact on revenue is provided in the table below.
BLOCK | Social Media | Newspaper | Radio | Cable TV |
1 | 1200 | 1600 | 1300 | 1950 |
2 | 2200 | 2800 | 2200 | 2950 |
3 | 3050 | 3400 | 3100 | 3850 |
4 | 3650 | 3900 | 3700 | 4450 |
5 | 3975 | 4450 | 4200 | 4975 |
6 | 4100 | 4600 | 4600 | 5475 |
7 | 4150 | 4625 | 4675 | 5675 |
8 | 3900 | 4475 | 4700 | 5850 |
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