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(d) Estimate the point of diminishing returns. 20

(d) Estimate the point of diminishing returns. 20

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 84E
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The graph shows the profit P (in thousands of dollars) of a company in terms of its advertising cost x (in thousands of dollars). (Round your answers to the nearest whole number.)
 
(d) Estimate the point of diminishing returns.
The graph shows the profit P (in thousands of dollars) of a company in terms of its advertising cost x (in thousands of dollars). (Round your answers to the nearest whole number.) Profit of a Company P 10 20 30 40 50 60 70 Advertising cost (in thousands of dollars) (a) Estimate the interval on which the profit is increasing. (Enter your answer using interval notation.) (0,40) (b) Estimate the interval on which the profit is decreasing. (Enter your answer using interval notation.) ( 40,62) (c) Estimate the amount of money the company should spend (in dollars) on advertising in order to yield a maximum profit. $ 40,000 (d) Estimate the point of diminishing returns. (x, P) = 20 Profit (in thousands of dollars)
Transcribed Image Text:The graph shows the profit P (in thousands of dollars) of a company in terms of its advertising cost x (in thousands of dollars). (Round your answers to the nearest whole number.) Profit of a Company P 10 20 30 40 50 60 70 Advertising cost (in thousands of dollars) (a) Estimate the interval on which the profit is increasing. (Enter your answer using interval notation.) (0,40) (b) Estimate the interval on which the profit is decreasing. (Enter your answer using interval notation.) ( 40,62) (c) Estimate the amount of money the company should spend (in dollars) on advertising in order to yield a maximum profit. $ 40,000 (d) Estimate the point of diminishing returns. (x, P) = 20 Profit (in thousands of dollars)
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