Multiple Choice
Jiffy-Pol Consultants is paid $1,000,000 for each percentage of the vote that Senator Sleaze receives in the upcoming election.Sleaze's share of the vote is determined by the number of slanderous campaign ads run by Jiffy-Pol according to the function S = 100N/(N + 1) , where N is the number of ads.If each ad costs $3,600 approximately how many ads should Jiffy-pol buy in order to maximize its profits?
A) 3,329
B) 72
C) 1,666
D) 1,702
E) 833
Correct Answer:
Verified
Correct Answer:
Verified
Q5: A competitive firm's production function is f(x<sub>1</sub>,
Q6: A profit-maximizing competitive firm uses just one
Q7: If the short-run marginal costs of producing
Q8: The production function is f(x<sub>1</sub>, x<sub>2</sub>)=x<sup>1/2</sup><sub>1</sub>x<sup>1/2</sup><sub>2</sub>.If the
Q9: A competitive firm has a production function
Q11: A firm produces one output using one
Q12: If the value of the marginal product
Q13: Philip owns and operates a gas station.Philip
Q14: A competitive firm produces a single output
Q15: The production function is given by f(x)=4x<sup>1/2</sup>.If