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Natasha2012 [34]
3 years ago
13

Georgetown Public Media is trying to determine the optimum amount for its advertising budget. Calculating the marginal revenue o

f adding another listener can be computed as the probability of becoming a member times the revenue expected from each member. This is a crude estimate, but it is the only information we have. Using the following spreadsheet, calculate the optimal level of advertising. What is it?
Advertising MR MC Listeners Profit
$10,000 $21 $5.00 2000 $32,000
$20,000 $21 $10.00 3386 $51,112
$21
$21
$21

At this level, the marginal cost of acquiring a customer is $21, equal to the marginal revenue of acquiring a customer. Note also that as the advertising level increases its effectiveness drops. This is reflected in the marginal cost of acquiring another customer and is typical of many extent decisions. You pick the low hanging fruit first, and then you move to the more costly, Higher hanging fruit.

(A) about $36,000
(B) about $40,000
(C) about $42,000
(D) about $55,000

Business
1 answer:
podryga [215]3 years ago
5 0

Answer:

(A) about $36,000

Explanation:

Please see attachment

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Total revenue (TR) is:
poizon [28]
I think it’s d. but im so sorry if im wrong!
3 0
3 years ago
Information on Psi Phi Inc.âs three products are as follows: A B C Unit sales per month â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦â¦
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Explanation:

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4 0
3 years ago
Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December
Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0
3 years ago
An investment adviser representative who prepares financial plans for customers is also a registered life insurance agent in tha
Alex777 [14]

Answer:

D. Recommendation to buy life insurance does not make the investment advice any less objective.

Explanation:

investment adviser representative are also regarded as financial planner are advisers that gives advice in term of financial service to firms or individual or his/ her customer

In the situation described in the question whereby, the agent recommends that a customer sell a mutual fund holding and use the proceeds to buy life insurance, then these information are needed to be disclosed to the customer

✓. Sale of the mutual fund mayor is alt in a taxable event to the customer

✓Recommendation to purchase life insurance is in no way connected to the services offered by the advisory firm

✓Agent will earn a commission on the life insurance purchased by the customer

6 0
3 years ago
The tasman company purchased land for $150,000. the cost to demolish the existing building and prepare the land for a new buildi
bagirrra123 [75]
You just add it all together $150,000+ $20,000+ $9,000= your answer
Hope this helped! ;D
8 0
3 years ago
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