Suppose that a kitchen appliance companys monthly sales and advertising expenses are approximately related by the equation
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Suppose that a kitchen appliance company’s monthly sales and advertising expenses are approximately related by the equation xy - 6x + 20y = 0, where x is thousands of dollars spent on advertising and y is thousands of dishwashers sold. Currently, the company is spending 10 thousand dollars on advertising and is selling 2 thousand dishwashers each month. If the company plans to increase monthly advertising expenditures at the rate of $1.5 thousand per month, how fast will sales rise? Use implicit differentiation to answer the question.
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Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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