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QUESTION
The current price of a Squirtomatic is $29.95, per capita income is $11,000, the price of an Autospritzer is $39.99, the cost of a quart of MIX-O-SQUIRT is $8.45, and advertising expenditures are $84,
The current price of a Squirtomatic is $29.95, per capita income is $11,000, the
price of an Autospritzer is $39.99, the cost of a quart of MIX-O-SQUIRT is
$8.45, and advertising expenditures are $84,000 per month.
If Injecto Plastics increases the price of the Squirtomatic by 10%, per capita
income rises by 5%, the price of an Autospritzer increases by 4%, and the cost of
a quart of MIX-O-SQUIRT falls by 2%, by how much will advertising
expenditures have to change in order to keep sales of Squirtomatics from
changing?
