4. Point of Diminishing Returns Assume that an advertising campaign is launched for a new product and that the daily sales of the product (in thousands of dollars) are given by the following equation S(x)= x³ 2x² + 4x - 8 when x thousand dollars is spent on advertising. 0≤x≤6 Is there a point of diminishing returns in this situation? If so, determine what is the amount of money spent on advertising that corresponds to the point of diminishing returns and explain what that means

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter8: Polynomials
Section8.1: Adding And Subtracting Polynomials
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4. Point of Diminishing Returns
Assume that an advertising campaign is launched for a new product and that the daily sales of the product (in
thousands of dollars) are given by the following equation
S(x) = x³ 2x² + 4x − 8
when x thousand dollars is spent on advertising.
0≤x≤6
Is there a point of diminishing returns in this situation? If so, determine what is the amount of money spent on
advertising that corresponds to the point of diminishing returns and explain what that means
Transcribed Image Text:4. Point of Diminishing Returns Assume that an advertising campaign is launched for a new product and that the daily sales of the product (in thousands of dollars) are given by the following equation S(x) = x³ 2x² + 4x − 8 when x thousand dollars is spent on advertising. 0≤x≤6 Is there a point of diminishing returns in this situation? If so, determine what is the amount of money spent on advertising that corresponds to the point of diminishing returns and explain what that means
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