A product with a large advertising budget has its sales S (in millions of dollars) given by
Question:
where t is the number of months the product has been on the market.
(a) Find the rate of change of sales at any time t.
(b) What is the rate of change of sales at t = 2?
(c) Use the second derivative to find how this rate is changing at t = 2.
(d) Interpret your results from parts (b) and (c).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted: