The sales function for a product is given by S(x)=119+40.5x2−0.5x3 where x represents thousands of dollars spent on advertising, 0≤x≤54 and S is in thousands of dollars.x Find the point of diminishing returns. Enter the amount spent on advertising as well as the sales in dollars. Amount Spent on Advertising:$ ____ total Sales: $___
The sales function for a product is given by S(x)=119+40.5x2−0.5x3 where x represents thousands of dollars spent on advertising, 0≤x≤54 and S is in thousands of dollars.x Find the point of diminishing returns. Enter the amount spent on advertising as well as the sales in dollars. Amount Spent on Advertising:$ ____ total Sales: $___
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
ChapterB: Differential Calculus Techniques In Management
Section: Chapter Questions
Problem 8E
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The sales function for a product is given by S(x)=119+40.5x2−0.5x3 where x represents thousands of dollars spent on advertising, 0≤x≤54 and S is in thousands of dollars.x
Find the point of diminishing returns. Enter the amount spent on advertising as well as the sales in dollars.
Amount Spent on Advertising:$ ____ total Sales: $___
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