A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 40 people in the "Gen X" market, and 40 people in the "millennials" market. Every dollar spent on newspaper advertising will reach 60 people in the "Gen X" market, and 20 people in the "millennials" market. If the store wants to reach at least 96,000 people in the "Gen X" market and 120,000 people in the "millennials" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): Dollars spent on radio advertising: Dollars spent on newspaper advertising:
A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 40 people in the "Gen X" market, and 40 people in the "millennials" market. Every dollar spent on newspaper advertising will reach 60 people in the "Gen X" market, and 20 people in the "millennials" market. If the store wants to reach at least 96,000 people in the "Gen X" market and 120,000 people in the "millennials" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): Dollars spent on radio advertising: Dollars spent on newspaper advertising:
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 40
people in the "Gen X" market, and 40 people in the "millennials" market. Every dollar spent on newspaper advertising will reach 60
people in the "Gen X" market, and 20 people in the "millennials" market. If the store wants to reach at least 96,000 people in the
"Gen X" market and 120,000 people in the "millennials" market, how much should it spend on each type of advertising to minimize
the cost?
Minimum amount spent on advertising (in dollars):
Dollars spent on radio advertising:
Dollars spent on newspaper advertising:
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