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Question: Jiffy-Pol Consultants is paid $1,000,000 for each percentage of the vote that Senator Sleaze receives in the upcoming election. Sleaze's share of the vote is determined by the number of slanderous campaign ads run by Jiffy-Pol according to the function S = 100N/(N + 1), where N is the number of ads. If each ad costs $10,000 approximately how many ads should Jiffy-Pol buy in order to maximize its profits?

a. 200

b. 1,995

c. 999

d. 1,099

e. 500

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92585831

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