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Prove that the multiplier is equal to 1/(1-mpc)
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- Find the value of MPC when multiplier is stated as 0.97Price of advertising in newspapers and magazines are Rs.5 and Rs.10 respectively. The total budget for advertising is Rs.105. For maximizing the sales, find out the best combination of advertisement in newspapers and magazines by using lagrangian multiplier.If the MPC is given as 0.55 find the value of MPS.
