How can the firm maximize its revenue

Assignment Help Operation Management

Reference no: EM13224650

A company is planning to spend up to $10,000 on advertising. It costs $3,000 per minute to advertise on television and $1,000 per minute to advertise on radio. If the company buys x minutes of television advertising and y minutes of radio advertising, its revenue in thousands of dollars is given by: f(x,y) = -2x^2 - y^2 + xy + 8x + 3y
How can the firm maximize its revenue?

Reference no: EM13224650

Questions Cloud

Security and safety personnel in protecting the health : describes the roles and responsibilities of security and safety personnel in protecting the health, welfare, and assets of organizations.

Information to determine her eligibility : Mary needs Medicaid coverage. Where should she start looking for information to determine her eligibility? Your niece may be eligible for health care coverage under the State Children's Health Insurance Program. Where should your niece first start re..

Calculate the elasticity for each variableat any point : a. Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable. b. Should this firm be concerned if macroeconomic forecasters predict a recession

Who makes the strategic decisions for most organizations : Who makes the strategic decisions for most organizations?

How can the firm maximize its revenue : How can the firm maximize its revenue?

Describe the overall impact on the global media : Describe the different types of controls that managers can implement on any project - feed forward control, concurrent control and feedback control.

Does marketing convince consumers to develop new desires : Does marketing convince consumers to develop new desires about products and services they do not need or does it just identify and respond to pre-existing needs?

Calculate and compare the profit under each flight : Should Airway Express continue to provide the flight between Los Angeles and New York at all. If Airway Express decides not to fly, it still has to pay the fixed costs of $3,000 per day. The evening with the return flight the next afternoon is cou..

What do the opponents of globalization criticize : What do the opponents of globalization criticize? With regard to consumerism, immigration, and nutrition, where do you find their critiques compelling? why?

User Account

All Pages