Practice_test_1_Schuler - Practice problems for first test...

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Practice problems for first test Econ 001 Schuler Tutoring session are also on Sunday night at 7-9 in RF 102 A. The management of an Italian fashion company Dunder Inc. has to decide if they should carry out marketing initiatives which would lead to an increase of their sale. Each initiative will generate $11,000,000 in revenue.. Information about total cost of these initiatives is given in the table below. Number of marketing initiatives Total Cost 1 $ 10 million 2 $ 20 million 3 $ 32 million 4 $ 46 million . How many marketing initiatives should they carry out? Explain how you derived your answer? B. Suppose that both Jim and Pam like to grow tomatoes and green peppers in the backyard. The current growing season is two months. In one month, Jim can grow in his backyard either 60 tomatoes and 0peppers or 0 tomatoes and 30 peppers or any other combination lying on the line between these two points. In the same amount of time, Pam can grow in her backyard either 40 tomatoes and 0 peppers or 0 tomatoes and 10 peppers or any other combination lying on the line between these two points.
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