quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat Customers Profit per Repeat Customer Profit from Repeat Customers Cost of Advertisement 15 million 15 million 8 million 4 million $4 $32 million $15 million 4 16 million 15 million In the table above, the profit from repeat customers will equal the cost of the advertisement if there are million repeat customers. (Enter your response rounded to two decimal places.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
quiz
Product
Energy bar A
Energy bar B
Number of
Consumers Who
Try the Product
Number of
Repeat
Customers
Profit per
Repeat
Customer
Profit from
Repeat
Customers
Cost of
Advertisement
15 million
15 million
8 million
4 million
$4
$32 million
$15 million
4
16 million
15 million
In the table above, the profit from repeat customers will equal the cost of the advertisement if there are
million repeat customers. (Enter your response rounded to
two decimal places.)
Transcribed Image Text:quiz Product Energy bar A Energy bar B Number of Consumers Who Try the Product Number of Repeat Customers Profit per Repeat Customer Profit from Repeat Customers Cost of Advertisement 15 million 15 million 8 million 4 million $4 $32 million $15 million 4 16 million 15 million In the table above, the profit from repeat customers will equal the cost of the advertisement if there are million repeat customers. (Enter your response rounded to two decimal places.)
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