Question: Question 1: It is estimated that if x thousand dollars are spent on advertising, approximately Q(x) = so 40e'0-1 thousand units of a certain commodity

Question 1: It is estimated that if x thousand dollars are spent on advertising, approximately Q(x) = so 40e'0-1" thousand units of a certain commodity will be sold. a) (10 pts) How many units will be sold if no money is spent on advertising? b) (15 pts) How much should be spend on advertising to generate sales of 30,000 units? Please show all your work. c) (10 pts) According to the model what is the most optimistic sales projection? Why? d) (15 pts) Find Q'(x) when x = 4. Describe the meaning of that number in terms of the commodity sales and the investment in advertising
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
