A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 70 people in the "Under $35,000 market, and 60 people in the "Over $35,000 market. Every dollar spent on newspaper advertising will reach 110 people in the "Under $35,000 market, and 20 people in the "Over $35,000 market. If the store wants to reach at least 101,000 people in the "Under $35,000 market and 120,000 people in the "Over $35,000" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): 8000 Dollars spent on radio advertising: 8000 Dollars spent on newspaper advertising: 0
A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 70 people in the "Under $35,000 market, and 60 people in the "Over $35,000 market. Every dollar spent on newspaper advertising will reach 110 people in the "Under $35,000 market, and 20 people in the "Over $35,000 market. If the store wants to reach at least 101,000 people in the "Under $35,000 market and 120,000 people in the "Over $35,000" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): 8000 Dollars spent on radio advertising: 8000 Dollars spent on newspaper advertising: 0
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 70 people in the
"Under $35,000 market, and 60 people in the "Over $35,000 market. Every dollar spent on newspaper advertising will reach 110 people in the "Under
$35,000 market, and 20 people in the "Over $35,000 market. If the store wants to reach at least 101,000 people in the "Under $35,000 market and
120,000 people in the "Over $35,000 market, how much should it spend on each type of advertising to minimize the cost?
Minimum amount spent on advertising (in dollars): 8000
Dollars spent on radio advertising: 8000
Dollars spent on newspaper advertising: 0
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