QUESTION 1Remark: You will have 5 questions regarding the same problem but in each question the numbers will be differentAn advertising company offer three types of mediums: television, newspaper and radio. The cost for each medium with its audience coverageis given below.TelevisionCost per advertisement ($)2000Audience per advertisement98,00010,000The company is capable of using a number of newspaper advertisement slots up to 14. Moreover, in order to balance the advertising amongthe three types of media, the total number of advertisements on radio should not occur more than 35% of total number of advertisement and atleast 14% of the total number of advertisements should occur on television. The weekly advertising budget is $23700. How manyadvertisements should be run in each of the three types of media to maximize the total audience?If we assume the number of ads on each type of meduim as follows: T, N, R respectivelyGiven the following budget constrainaT+bN+cR 23700SWhat is the value of b?Remember: The answer box can not accept any textNewspaper100040,000Radio500

Decision Variables: Here given that, T represents the no. of advertisement on TelevisionN represents…

Answered: ल Remark:You will have 5 questions…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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