The editors at Snoozeweek, a news magazine, constantly alter the proportion of celebrity photographs and mundane news stories so as to maximize the number of copies sold.A statistical consultant has estimated sales to be S = 1,000C0.60N 0.50, where C is the number of celebrity photographs and N is column inches of news stories.If the editors only have $11,000 to spend on each edition with celebrity photos costing $400 each and news stories costing $10 per column inch, what should the editors do?
A) Purchase 10 celebrity photos and 700 column inches of news stories.
B) Purchase 15 celebrity photos and 500 column inches of news stories.
C) Purchase 11 celebrity photos and 660 column inches of news stories.
D) Purchase 13 celebrity photos and 580 column inches of news stories.
E) Purchase 20 celebrity photos and 300 column inches of news stories.
Correct Answer:
Verified
Q61: A lobbyist in our nation's capitol must
Q62: Vincent Smudge, an avant-garde New York artist,creates
Q63: A firm has a production function described
Q64: The Chrysler Belvedere Truck Plant is attempting
Q65: The Chrysler Belvedere Truck Plant is attempting
Q67: The editors at Snoozeweek, a news magazine,
Q68: If the production function for tuna casseroles
Q69: Vincent Smudge, an avant-garde New York artist,creates
Q70: Using existing plant and equipment, Priceless Moments
Q71: A politician facing reelection can win votes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents