Assume Nail Mania advertises in the local newspaper. Each day it advertises costs $100. Over the past several months, Nail Mania has conducted market research and developed the following information
Number of days advertised per week Number of customers per week
If the net revenue (payments less cost of goods sold) is $5, how many days of advertising should Nail Mania buy each week?© BrainMass Inc. brainmass.com October 10, 2019, 3:07 am ad1c9bdddf
Please refer attached file for better clarity of table.
Number of days advertised per week Total Ad. Cost Number of customers MC*
n TC=100*n Q Change in TC/change in Q
0 0 ...
Optimal number of advertising days is found.