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Top Toys is planning a new radio and TV advertising campaign. A radio commercial costs $300 and TV commercial costs $2000. A total budget of $ is allocated. To ensure that the campaign will have at least one radio and a one TV commercial the most that can be allocated to either medium cannot exceed 80% of total expenditure. It is estimated that the first radio comer will reach 5000 people, with each additional commercial reaching only 2,00 ones. For TV, the first commercial will reach 4,500 people and each addition one will reach 3,000. How should the budgeted amount be allocated between ad radio advertising?
a. Construct an LP tableau
b. Provide graphical illustration of the solution
c. Solve and verify your answer using excel solver. Report the solution table generated by the solver.
Where does NSW get most of its natural gas supplies from up to now? What is happening to total domestic gas production in Australia and Describe the structural change that is taking place in the Australian gas market.
what is meant by the minimum cash reserve requirements referred to in this clip? b) what terminology do economics use to refer to the process described in this clip?
In an effort to avoid the adverse selection death spiral, a private health insurer offers two health insurance policies: one that is intended for those who are more likely to require expensive treatment (and therefore charges a higher premium) and on..
In the short run if the output growth is just 2% for two years and the equation determining the real interest rate changes to: r=4.5-%?Y, what money growth rate should the Fed aim for to hit its inflation target in that period?
Data collected in the imaginary economy of kharkeez reveals that when the price of drof decreased by 25%, the quantity of drof sold increased by 10%, and the quantity of perf demanded decreased by 30% What is the cross-price elasticity of demand bet..
The US had a national bank during the first few decades after its birth before it was abolished. Today, we have the Federal Reserve. What are the differences between the Federal Reserve and a National Bank (specifically, with regard to their interven..
Use the classical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events.
Which of the following describes the short-run time production period?Firms can vary only one of the inputs in the production process. Firms can vary all inputs into the production process. Firms cannot vary any of the inputs into the production proc..
q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
The market demand curve for this product is estimated to be: Q = 6009 – 25P where Q is the number of plate covers per year and P is in dollars. Cost estimation processes have determined that the firm’s cost function is represented by TC = 120 + ..
The demand curve for rutabagas is a straight line with slope 23 and the supply curve is a straight line with slope 2. Suppose that a new tax of $3 per sack of rutabagas is introduced.
If employment in a country decreases when the economic activities of that nation declines, the relationship between employment and economic activities can be considered as which of the following?
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