Question
Asked Oct 9, 2019
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Using the model N(a), algebraically determine how much money needs to be spent on advertising in order to sell 5,000 units. 

N(a)=1499+300lnX

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Expert Answer

Step 1

Given model is,

 

N(a) 1499+300 ln x
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N(a) 1499+300 ln x

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Step 2

Given that the number of units to be sell is 5000 units.

Therefore substi...

5000 1499 300 n x
300 In x 3501
Inx 11.67
if Inxy then r = e']
x=117,008.28
x 117,008
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5000 1499 300 n x 300 In x 3501 Inx 11.67 if Inxy then r = e'] x=117,008.28 x 117,008

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Math

Algebra