Find the square footage for the store that maximizes sales
Course:- Microeconomics
Reference No.:- EM13879026

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Microeconomics

A supermarket chain has devised the following formula for maximizing its sales: S = -30x2 + 5a2 - ax + 100x + 1,000, where s = sales, x = square feet of the store in units of 50,000 square feet, and a = annual advertising in units of 100,000. Suppose a = 10. Find the square footage for the store that maximizes sales.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Would it be just be better off if all insurance was administered through the government since it could have everyone on it and pool the risk the best with greater numbers of p
If you come upon an interesting subject relating to your work or any other non-economic publication that can be explained in light of the theories learned in this class, you
Governor White wants to increase sales taxes to bring in required revenue to support state operations. He is looking at taxing various goods and services. Will the state tax r
Suppose there is a temporary increase in Yw, world income, which increase the demand for domestic goods on the world market. On the graph of Output, Money and Foreign exchange
What is the marginal cost of one additional unit when the firm is currently producing 3 units - difference between the average total cost and average variable cost smallest?
Sergei is a computer programmer with a utility function equal to U=Y+120L-L . He contracts with Uber that allows him to set his own work hours; they pay him $50/hour. He has a
On Sunday October 23rd, Eastern Turkey was hit by a strong earthquake. Analyze the effects of this temporary negative supply shock on the real output and real interest rates
How many books and movies would maximize your level of satisfaction given the budget of $60.00 and are the charts above consistent with the Law of Diminishing Marginal Utility