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Write the LP formulations for the following problems. 2. A company is considering various advertising media to promote its new toy. Pertinent information regarding potential customers reached and costs per advertisement is given below: No. of Customers Maximum Times Cost per Media Reached Available per Month Advertisement Daytime TV 1000 10 $2000 Evening TV 3000 8 $3500 Daytime Radio 500 15 $1000 Evening radio 750 15 $1500 Newspaper 900 4 $500 Currently, the company has a monthly advertising budget of $150,000. The marketing department has imposed the following restrictions: • No more than $20,000 may be spent on radio advertising each month. • At least 5 TV ads must be used each month. Write the linear programming formulation to determine what media should be used to maximize monthly audience exposure.
q1. americans already enjoy living standards that far exceed worlds average. should we even try to produce more do we
Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $130,000. Time spent working: Time spent shirking:
Yet many financial decision-makers at some of the most prominent firms in the world continue to use less desirable measures such as the payback.
Why do behavioral economists consider it helpful to base a theory of economic behavior on the actual mental processes that people use to make decisions? Why do neoclassical economists not care about whether a theory incorporates those actual mental p..
Explain the benefit-based principle in taxation. Also explain how this principle is linked to the Lindhal equilibrium in local public finance choice
Elucidate Average costs are minimized when marginal costs are at their lowest point.
At an initial point on the aggregate demand curve the price level is 125, and real gdp is 10 trillion. when the price level falls to a value of 120, total autonomous expenditures increased by 250 billion. the marginal propensity to consume is 0.75. t..
Tom Reardon and his next door neighbor, Rich O’Donnell were carpooling to work one morning when the engine of Tom’s car started to sputter. This started a chain of events that eventually led Tom to decide that he needed a new car. Why do dealerships ..
Advocates of stabilization policy prefer quick medicine for economic ills. This leads some observers to favor fiscal policy while others endorse monetary policy. Describe the positions of each side in the debate and what seems to be the current conse..
A negative externality:
Please graph the Business Case and discuss how the components are related to an effective diversity initiative in an organization. Also, please graph and discuss the relationship between diversity, ethics and organizational performance, as reflected ..
Assume that wages and prices are sticky and that we start at a long run equilibrium. Assume that at this initial point, the growth rate of the money supply is 6%, the growth rate of the velocity of money is 5% and that the real economic growth rate i..
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