A firm can spend its advertising budget on either television ads or newspaper ads. Television costs $1000 per minute while newspaper costs $10 per line. They want to purchase advertising that maximizes sales within their budget of $10000 for advertising. The sales function is:
S = 3t^3n
A. What are the optimal values of t and n?
B. What are the maximum sales?
C. What is the value of lambda and what does this mean?

Policymakers are provided data about the private and social benefits of a good being sold in the market. quantity private mb ($) social mb ($) 6 6 9 7 4 7 8 2 5 9 0 3 what is the size of the externality? if the externality is positive, enter a positive number. if negative, make it a negative number. $ given this data, policymakers must decide whether to address the associated externality with a subsidy or a tax. as their economic consultant, which of the two policy tools would you recommend? a subsidy a tax

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation