The profit P (in thousands of dollars) for a company spending an amount s (in thousands of dollars) on advertising is given by the following equation. P = + 27s2 + 650 10 (a) Find the amount of money the company should spend on advertising in order to yield a maximum profit. $ (b) Find the point of diminishing returns. (s, P) =

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter9: Quadratic Equations And Functions
Section9.6: Graph Quadratic Functions Using Properties
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The profit P (in thousands of dollars) for a company spending an amount s (in thousands of dollars) on advertising is given by the following equation.
10
.3
+ 27s2 + 650
P = -
(a) Find the amount of money the company should spend on advertising in order to yield a maximum profit.
$
(b) Find the point of diminishing returns.
(s, P) =
Transcribed Image Text:The profit P (in thousands of dollars) for a company spending an amount s (in thousands of dollars) on advertising is given by the following equation. 10 .3 + 27s2 + 650 P = - (a) Find the amount of money the company should spend on advertising in order to yield a maximum profit. $ (b) Find the point of diminishing returns. (s, P) =
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