Diminishing Returns Jesaki Inc estimates that it will sell N(x) units of product after spending $x thousand on advertising, as given by N(x) = 0.53 x 49 x³- 1,063 x² + 156,815. What is the point of diminishing returns? Round to the nearest dollar.

Diminishing Returns Jesaki Inc estimates that it will sell N(x) units of product after spending $x thousand on advertising, as given by N(x) = 0.53 x 49 x³- 1,063 x² + 156,815. What is the point of diminishing returns? Round to the nearest dollar.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 4SQP

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Diminishing Returns
Jesaki Inc estimates that it will sell N(x) units of product after spending
$x thousand on advertising, as given by
N(x) = 0.53 x 49 x³- 1,063 x² + 156,815.
What is the point of diminishing returns? Round to the nearest dollar.
$

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