Business question profit maximizationabc inc determined

Assignment Help Business Management
Reference no: EM13369270

Business question: Profit Maximization

ABC Inc. determined through regression analysis that its sales (S) are a function of the amount of advertising (measured in units) in two different media. This relationship is given by the following equation (X=newspapers, Y=magazines):

S(X,Y) = 200X + 100Y - 10Xsq - 20Ysq + 20XY

1. What is the level of newspaper and magazine advertising that maximizes the firms sales?

2. What is the firms sales at the optimal values of newspapers and magazine advertising determined in part 1?

Reference no: EM13369270

Questions Cloud

Business operationsq1 should host governments play a role : business operationsq1 should host governments play a role in global business operations? why?q2 why must a company be
Management effectiveness1 what is the relationship of : management effectiveness1. what is the relationship of manager roles and responsibilities to accountability?2. how is
How have economic trends affected the restaurant : how have economic trends affected the restaurant industry?consider the restaurant industry and explain how recent
Quantitive reasoning in businessq1 what value do statistics : quantitive reasoning in businessq1. what value do statistics add to decision making? what limitations are there when
Business question profit maximizationabc inc determined : business question profit maximizationabc inc. determined through regression analysis that its sales s are a function of
Do you believe that a business owner should take a : do you believe that a business owner should take a utilitarian approach to making day to day business decisions? why or
How to develop behavioral interview questionsas noted by : how to develop behavioral interview questionsas noted by collins 2001 in his book built to last it is important to get
Supervisory training presentationfind and discuss the laws : supervisory training presentationfind and discuss the laws that affect the retention of employees and the termination
Forces and trends research for suntrustresearch three : forces and trends research for suntrustresearch three forces or trends from the remote or industry environment. you

Reviews

Write a Review

Business Management Questions & Answers

  Make the marketing strategy for the product

Assume you are the Chief Marketing Officer of the company launching the product or service that you have selected. Make the marketing strategy for the product or service in terms of

  Show question about price sensitivity

Can you explain this as a segmented pricing tactic? What are the segments and why would their price sensitivities be different?

  Evaluating employees on intangiblesare the intangibles such

evaluating employees on intangiblesare the intangibles such as personality attitude and behavior as important to

  Business systemsexperiment with alternative web browsers

business systemsexperiment with alternative web browsers and compare their utility and features. compare the

  Explain minimize income tax

John strategies to sell his company for $2,000,000 and wants to retire within one year. What type of investments should he make if he wants to meet the below objectives?

  Critical thinking questions

MedMobile is a medical supply business located in LA, California, employing 62 full-time and eleven part-time employees. The firm specializes in equipment designed to improve patient mobility

  Leadership and organizational behaviour class

This is for a leadership and organizational behaviour class- When it comes to people who will not give up their resistance to change, would not it just be easy to fire them?

  Decision-making using cross-sectional research

Can decision-making be accomplished by using only cross-sectional research? Why or why not?

  Illustrate what kind of articles we can dig up

illustrate what kind of articles we can dig up on Virtual Reality - then give a brief summary, including whether we agree with the findings or not

  Prepare a plan that may be applied in a business setting

prepare a plan that may be applied in a business setting and would increase your teams motivation satisfaction and

  Analysis and application of theories- find an example of a

analysis and application of theories- find an example of a recent major decision whether in business politics etc. that

  The competitors to the apple mac book are certain

The competitors to the Apple Mac book are certain of these brands include Dell, HP, Acer, Asus, Toshiba, Sony and Lenovo

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd