Find the point of diminishing returns (x.y) for the function R(x), where R(x) represents revenue (in thousands of dollars) and x represents the amount spent on advertising (in thousands of dollars). R(x) = 11,000 -x+33x +600x, 0sxs20 The point of diminishing returns is (Type an ordered pair.)

Find the point of diminishing returns (x.y) for the function R(x), where R(x) represents revenue (in thousands of dollars) and x represents the amount spent on advertising (in thousands of dollars). R(x) = 11,000 -x+33x +600x, 0sxs20 The point of diminishing returns is (Type an ordered pair.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 9E

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Question

Find the point of diminishing returns (x.y) for the function R(x), where R(x) represents revenue (in thousands of dollars) and x represents the amount spent on
advertising (in thousands of dollars).
R(x) = 11,000 –x+33x + 600x, 0 sxs 20
The point of diminishing returns is. (Type an ordered pair.)

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