Hello, can you help me with these two problems. Thanks 4.The relationship between marketing expenditures (x) and sales (y) is given by the following formula, y= 9x- 0.05x + 9. (HirNonlinear Solver tool).a. What level of marketing expenditure will maximize sales? (Round your answer to 2 decimal places.)Marketing expenditureb. What is the maximum sales value? (Round your answer to 2 decimal places.)Maximum sales value The relationship between training costs (x) and productivity () is given by the following formula, y = -8x + 2x2 + 24.a. Will Nonlinear Solver be guaranteed to identify the level of training that maximizes productivity?O NoO Yesb. If training is set to 3, what will be the resulting level of productivity? (Round your answer to the nearest whole number.)Level of productivity

Answered: a. What level of marketing expenditure…

a. What level of marketing expenditure will maximize sales? (Round your Marketing expenditure b. What is the maximum sales value? (Round your answer to 2 decimal p Maximum sales value

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 1.4CE

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Hello, can you help me with these two problems. Thanks

4.
The relationship between marketing expenditures (x) and sales (y) is given by the following formula, y= 9x- 0.05x + 9. (Hir
Nonlinear Solver tool).
a. What level of marketing expenditure will maximize sales? (Round your answer to 2 decimal places.)
Marketing expenditure
b. What is the maximum sales value? (Round your answer to 2 decimal places.)
Maximum sales value

The relationship between training costs (x) and productivity () is given by the following formula, y = -8x + 2x2 + 24.
a. Will Nonlinear Solver be guaranteed to identify the level of training that maximizes productivity?
O No
O Yes
b. If training is set to 3, what will be the resulting level of productivity? (Round your answer to the nearest whole number.)
Level of productivity

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