(1 point) A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on radio advertising will reach 60 people in the "Gen X" market, and 60 people in the "millennials" market. Every dollar spent on newspaper advertising will reach 70 people in the "Gen X" market, and 50 people in the "millennials" market. If the store wants to reach at least 881,000 people in the "Gen X" market and 900,000 people in the "millennials" market, how much should it spend on each type of advertising to minimize the cost? Minimum amount spent on advertising (in dollars): Dollars spent on radio advertising: Dollars spent on newspaper advertising:
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The marketing department of a company has determined that if it spends x thousands of dollars on radio advertisements and y thousand dollars on newspaper advertisements, the company's revenue (in thousands of dollars) will be R(x, y) = - 0.05x^2 - 75y^2 + 5x + 6y + 3xy. How much money should this company spend on radio advertisements and newspaper advertisements to maximize its revenue? Radio: $ Newspaper: $
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