Ask Question
21 March, 15:47

A company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of units it sells. If it spends no money on advertising, it sells units. For each additional spent, an additional units are sold. (a) If is the amount of money that the company spends on advertising, find a formula for, the number of units sold as a function of.

+4
Answers (1)
  1. 21 March, 18:58
    0
    y = 0.01x + 300

    Explanation:

    There are some missing information in the question that are shown below:

    If it spends no money on advertising, it sells 300 units

    For each $1,500 additional spent, an additional 15 units are sold.

    Given that

    Number of units sold in case of no money spending = 300 units

    Additional money spent = $1,500

    Additional units sold = 15 units

    By considering the above information, the formula is presented below:

    y = 0.01x + 300

    where,

    0.01X is come from

    = (Number of units sold in case of no money spending + Additional units sold - Number of units sold in case of no money spending) : (Additional money spent)

    = (300 units + 15 units - 300 units) : ($1,500)

    = 0.01X
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of units it ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers