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Find the amount spent on advertising

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Reference no: EM131614147

Question: 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 fp to be positive or negative? Why?

(b) Explain the meaning of the statement fa(8, 12) = 150 in terms of sales.

Reference no: EM131614147

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