The sales of a product, S = f(p, a), are a function of the price, p, of

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The sales of a product, S = f(p, a), are a function of the price, p, of the product (in dollars per unit) and the amount, a, spent on advertising (in thousands of dollars).
(a) Do you expect f_p to be positive or negative? Why?
(b) Explain the meaning of the statement f_a(8, 12) = 150 in terms of sales.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 10, 2023 04:16 AM

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The sales of a product, S = f(p, a), are a function of the price, p, of

Question:

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a We expect f p to be negative because if the price of ...View the full answer

Applied Calculus

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