Asked by
Karima Gilling
on Dec 01, 2024
Verified
Jiffy-Pol Consultants is paid $1,000,000 for each percentage of the vote that Senator Sleaze receives in the upcoming election.Sleaze's share of the vote is determined by the number of slanderous campaign ads run by Jiffy-Pol according to the function S = 100N/(N + 1) , where N is the number of ads.If each ad costs $3,600 approximately how many ads should Jiffy-pol buy in order to maximize its profits?
A) 3,329
B) 72
C) 1,666
D) 1,702
E) 833
Slanderous Campaign Ads
Advertising efforts during a campaign that spread false and damaging statements about an opponent.
Vote Determination
The process by which decisions are made or leaders are chosen in a democratic system through the aggregation of individual votes.
Profit Maximization
The process or strategy of adjusting production and sale operations to achieve the highest possible profit.
- Get acquainted with the ways to maximize economic returns in various business landscapes.
- Analyze the impact of advertising and its associated costs on profit maximization.
Verified Answer
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Learning Objectives
- Get acquainted with the ways to maximize economic returns in various business landscapes.
- Analyze the impact of advertising and its associated costs on profit maximization.