Question: The MediaTex company has noticed when it advertises, it dramatically increases the number of customers who buy its product at seminars. With advertising, MediaTex expects
The MediaTex company has noticed when it advertises, it dramatically increases the number of customers who buy its product at seminars. With advertising, MediaTex expects the attendees to buy their product at a price of $ The cost of renting a place is $day The cost of food and drinks is $ per person assume full capacity of If MediaTex assumes at a minimum it will sell units, what would be the upper bound on advertising dollars ie where would the company break even?
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