Solved: A firm is planning to spend 75000 on advertising it costs, Financial Accounting

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A firm is planning to spend 75000 on advertising it costs

A firm is planning to spend $75,000 on advertising. It costs $3000 per minute to advertise on television and $1000 per minute to advertise on radio. If the firm buys X minutes of television advertising and Y minutes of radio advertising, its revenue in thousands of dollars is given by -0.3x^2-0.4y^2+0.8xy+5x+10y. How can the firm maximize its revenue?

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Financial Accounting: A firm is planning to spend 75000 on advertising it costs

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Financial Accounting: A firm is planning to spend 75000 on advertising it costs

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