(a) Draw a logistic curve. Label the carrying capacity L and the point of diminishing returns t...
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(a) Draw a logistic curve. Label the carrying capacity L and the point of diminishing returns t0.
(b) Draw the derivative of the logistic curve. Mark the point t0 on the horizontal axis.
(c) A company keeps track of the rate of sales (for example, sales per week) rather than total sales. Explain how the company can tell on a graph of rate of sales when the point of diminishing returns is reached.
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Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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