Use the following information from the song six questions.

Assume that there are two types of clubs in the Premier league: large clubs and small clubs. There are 6 large clubs in 14 small clubs. The demand function for each type of club is:

DL: P = 2600 - 13Q

DS: P = 1000 - 5Q

Assume the marginal cost of the national advertisement is $10,064

1. what is the quantity of national ads the Premier league will buy as a league?

2. how much for each large club paper advertisement? (what is the value of the last ad bought for a large club?)

3. how much for each small client contribute to the advertising budget of the league?

4. how much for all the large clubs as a group contribute to the advertising budget for the league?

Answer rating: 100% (QA)

1 The Premier league will buy 150 ads as a league 2 Each large club paper advertisement will co... View the full answer