a firm estimates that it can sell Q units of its product with advertising its expenditure of x thousand dollars where Q=Q(x)=-x^2+600x_25 i) over what level of advertising expenditure is the number of units of product sold increasing? ii) over what level of advertising expenditure is the number of units of product sold decreasing?

a firm estimates that it can sell Q units of its product with advertising its expenditure of x thousand dollars where Q=Q(x)=-x^2+600x_25 i) over what level of advertising expenditure is the number of units of product sold increasing? ii) over what level of advertising expenditure is the number of units of product sold decreasing?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter8: Evolutionary Solver: An Alternative Optimization Procedure

Section8.6: Fitting An S-shaped Curve

Problem 9P

See similar textbooks

Similar questions

4-2 Consider the following sample data for the relationship between advertising budget and sales for Product A: Observation 1 2 3 4 5 6 7 8 9 10 Advertising ($) 80,000 80,000 90,000 100,000 100,000 110,000 120,000 120,000 130,000 140,000 Sales ($) 499,000 477,000 546,000 614,000 623,000 653,000 747,000 714,000 785,000 858,000 What is the predicted sales quantity for an advertising budget of $108,000? Please round your answer to the nearest integer. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.
A diminishing marginal impact, in which each next ad gets fewer exposures than the preceding ad, is a common cause of nonlinearity in advertising response models. Is it true or false?
A news website shows a scatter plot with a positive relationship between the number of vending machines in school and the percentage of students who are absent from school on average the headline reads vending machines are causing our youth to miss school what is wrong with this claim what is a better headline for this information
Looking for predictable relationship between sales and factors such as advertising, weather, consumer income is an example of applying Correlation Analysis in business. Select one: True False
Cost Estimation Using High-Low; Graphs Lawson Advertising Agency is trying to persuadeKansas City Sailboards Company to spend more on advertising. The agency’s argument is that a constant and strong positive relationship exists between advertising and sales in the sailboard industry.Sue Lawson presents these data taken from industry data for stores similar in size and market share toKansas City Sailboards:Advertising Expense Annual Sales$2,500 $ 96,000 3,000 110,0003,500 124,0004,000 138,0004,500 143,0005,000 147,0005,500 150,000Required1. Use the high-low method to estimate the relationship between increased advertising and sales.2. Graph annual sales and advertising expense.3. Do the data prove Sue’s point?
A certain advertising campaign achieves this frequency distribution:exposed 1 times: 19%exposed 2 times: 21%exposed 3 times: 13%exposed 4 or more times: 10%The rest of the population was not exposed at all. If effective frequency for this ad is 2 exposures, calculate effective reach. Report as a percent. Report 25%, for example, as "25".
The medical group spends $2000 on a marketing campaign, and as a result generates $10,000 in new revenue it has tracked as a result of th campaign. What is the return on investment, for revenue generated to cost incurred?
Merv's Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35. The Home Shoppe, a large retail hardware chain in neighboring Morristown, sells the same product for $29. Based on this scenario, what would you expect Merv's immediate response to be? Merv will remove his advertisements and rely on word of mouth. Merv will reduce his price to respond to the price competition from the HomeShoppe. The HomeShoppe will initiate non-price competition with Merv. The HomeShoppe will raise its price to respond to the price competition from Merv.
A manufacturer is developing a new board game geared towards children. To be competitive with other board games, the company has set a target price of $20 for the game. The company likes to maintain a target profit equal to 40 percent of the product's cost. ---------------------------- Calculate the target cost of the product (to two decimal places).
Two surveys were conducted to measure the effectiveness of an advertising campaign for a low-fat brand of ice cream. In one of the surveys, the interviewers visited the home and asked whether the low-fat brand ice cream was purchased. In the other survey, the interviewers asked the person to show them the ice cream container when the interviewee stated he or she had purchased low-fat ice cream. a. Do you think the two types of surveys will yield similar results on the percentage of households using the product? b. What types of biases may be introduced into each of the surveys?
Based on the underlying research, which of the following statements accurately interprets the model (above) for the relationship between SFA usage and its outcomes? SFA usage increases the integration and application of customer information which directly improves salesperson performance. Job experience positively influences SFA usage and that increase in SFA usage results in greater salesperson adaptability which indirectly improves relationship quality. SFA usage increases the integration and application of customer information which directly improves the relationship quality with customers. Job experience negatively influences the integration and application of customer information which directly improves salesperson.
A product is associated with a slow growth market but that product also happens to be the segment leader/top selling product in what is a particularly large market segment (i.e., think of a product like Coca-Cola in the cola market). In other words, that product would most likely be labeled as a A Cash Cow Dog C Star D Question mark